Textainer Group Holdings Limited Coverage Initiated by Analysts at Macquarie (TGH)
Analysts at Macquarie began coverage on shares of Textainer Group Holdings Limited (NYSE:TGH) in a research report issued to clients and investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Shares of Textainer Group Holdings Limited (NYSE:TGH) traded down 0.41% during mid-day trading on Wednesday, hitting $38.44. 104,594 shares of the company’s stock traded hands. Textainer Group Holdings Limited has a 52 week low of $33.53 and a 52 week high of $41.07. The stock’s 50-day moving average is $38.71 and its 200-day moving average is $37.94. The company has a market cap of $2.178 billion and a P/E ratio of 11.32.
Textainer Group Holdings Limited (NYSE:TGH) last released its earnings data on Tuesday, May 6th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.26. The company had revenue of $135.40 million for the quarter, compared to the consensus estimate of $137.62 million. During the same quarter in the previous year, the company posted $0.81 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Textainer Group Holdings Limited will post $2.97 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on TGH. Analysts at Sterne Agee downgraded shares of Textainer Group Holdings Limited from a “buy” rating to a “neutral” rating in a research note on Friday, May 9th. They noted that the move was a valuation call. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Textainer Group Holdings Limited in a research note on Wednesday, May 7th. They now have a $38.00 price target on the stock, up previously from $34.00. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of Textainer Group Holdings Limited in a research note on Wednesday, April 23rd. They now have a $38.00 price target on the stock. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.31.
Textainer Group Holdings Limited (NYSE:TGH) is a holding company engaged in the purchase, management, leasing and resale of a fleet of marine cargo containers.
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