Textainer Group Holdings Limited Given Consensus Recommendation of “Hold” by Analysts (NYSE:TGH)
Shares of Textainer Group Holdings Limited (NYSE:TGH) have earned a consensus rating of “Hold” from the nine brokerages that are covering the stock, American Banking News reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $37.57.
Shares of Textainer Group Holdings Limited (NYSE:TGH) opened at 34.80 on Wednesday. Textainer Group Holdings Limited has a 52 week low of $34.00 and a 52 week high of $41.07. The stock has a 50-day moving average of $36.74 and a 200-day moving average of $37.73. The company has a market cap of $1.974 billion and a P/E ratio of 11.20.
Textainer Group Holdings Limited (NYSE:TGH) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $0.70 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.80 earnings per share. The company’s quarterly revenue 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 announced a quarterly dividend, which is scheduled for Wednesday, August 27th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 5.40%. The ex-dividend date is Thursday, August 14th.
TGH has been the subject of a number of recent research reports. 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.
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