Textainer Group Holdings Limited Receives Average Recommendation of “Hold” from Analysts (NYSE:TGH)
Shares of Textainer Group Holdings Limited (NYSE:TGH) have received a consensus rating of “Hold” from the nine ratings firms that are currently covering the stock, Stock Ratings Network.com reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $37.57.
Textainer Group Holdings Limited (NYSE:TGH) opened at 35.01 on Wednesday. Textainer Group Holdings Limited has a 1-year low of $34.00 and a 1-year high of $41.07. The stock’s 50-day moving average is $37.10 and its 200-day moving average is $37.78. The company has a market cap of $1.985 billion and a P/E ratio of 11.22.
Textainer Group Holdings Limited (NYSE:TGH) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.70 earnings per share (EPS) for the quarter, missing the 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 in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts expect that Textainer Group Holdings Limited will post $2.82 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 5.37%. The ex-dividend date of this dividend is Thursday, August 14th.
A number of research firms have recently commented on TGH. Analysts at Macquarie reiterated a “neutral” rating on shares of Textainer Group Holdings Limited in a research note on Friday, August 8th. They now have a $39.00 price target on the stock, up previously from $35.00.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.