Textainer Group Holdings Limited Receives Consensus Recommendation of “Hold” from Brokerages (NYSE:TGH)
Textainer Group Holdings Limited (NYSE:TGH) has been given a consensus recommendation of “Hold” by the twelve ratings firms that are presently covering the stock, AmericanBankingNews.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $37.88.
TGH has been the subject of a number of recent research reports. Analysts at Macquarie initiated coverage on shares of Textainer Group Holdings Limited in a research note on Wednesday, July 9th. They set a “neutral” rating and a $43.00 price target on the stock. Separately, 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. Finally, 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.
Textainer Group Holdings Limited (NYSE:TGH) opened at 37.99 on Thursday. 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 $38.68 and its 200-day moving average is $37.93. The company has a market cap of $2.152 billion and a P/E ratio of 11.18.
Textainer Group Holdings Limited (NYSE:TGH) last issued its quarterly 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. On average, analysts predict that Textainer Group Holdings Limited will post $2.97 earnings per share for the current fiscal year.
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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