General Finance Hits New 1-Year High at $9.94 (GFN)
Shares of General Finance (NYSE:GFN) reached a new 52-week high during trading on Wednesday , Analyst RN reports. The company traded as high as $9.94 and last traded at $9.79, with a volume of 22,259 shares. The stock had previously closed at $9.76.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of General Finance from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 14th. They now have a $9.40 price target on the stock. Separately, analysts at B. Riley raised their price target on shares of General Finance from $9.50 to $11.75 in a research note on Tuesday, May 13th.
The stock has a 50-day moving average of $9.04 and a 200-day moving average of $7.74. The company has a market cap of $250.8 million and a P/E ratio of 73.94.
General Finance (NYSE:GFN) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.01. The company had revenue of $65.70 million for the quarter, compared to the consensus estimate of $64.98 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. On average, analysts predict that General Finance will post $0.18 earnings per share for the current fiscal year.
In other General Finance news, major shareholder Neil Gagnon sold 66,000 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $9.29, for a total value of $613,140.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
General Finance Corporation (NYSE:GFN) is a holding company that acquires and operates for businesses in the mobile storage container and modular space (portable services) industries.