Textainer Group Holdings Limited Stock Rating Reaffirmed by Macquarie (TGH)
Textainer Group Holdings Limited (NYSE:TGH)‘s stock had its “neutral” rating reiterated by Macquarie in a research note issued on Friday. They currently have a $39.00 target price on the stock, up from their previous target price of $35.00. Macquarie’s target price suggests a potential upside of 10.48% from the company’s current price.
Shares of Textainer Group Holdings Limited (NYSE:TGH) opened at 35.30 on Friday. 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 $37.77 and its 200-day moving average is $37.84. The company has a market cap of $2.002 billion and a P/E ratio of 10.99.
Textainer Group Holdings Limited (NYSE:TGH) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.70 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.73 by $0.03. The company had revenue of $139.54 million for the quarter, compared to the consensus estimate of $136.44 million. During the same quarter last year, the company posted $0.80 earnings per share. Textainer Group Holdings Limited’s revenue was up 7.3% compared to the same quarter last year. Analysts expect that Textainer Group Holdings Limited will post $2.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 27th. Stockholders of record on Monday, August 18th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date of this dividend is Thursday, August 14th.
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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