Shares of Textainer Group Holdings Limited (NYSE:TGH) have received an average recommendation of “Buy” from the eight research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $19.40.

A number of research firms have issued reports on TGH. ValuEngine upgraded shares of Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. BidaskClub upgraded shares of Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $16.00 target price on shares of Textainer Group Holdings Limited in a research note on Thursday, August 10th. Cowen and Company reiterated a “buy” rating and issued a $21.00 target price on shares of Textainer Group Holdings Limited in a research note on Tuesday, September 19th. Finally, Zacks Investment Research upgraded shares of Textainer Group Holdings Limited from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Wednesday, October 11th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Voya Investment Management LLC acquired a new stake in Textainer Group Holdings Limited in the second quarter valued at approximately $170,000. Tudor Investment Corp ET AL acquired a new stake in shares of Textainer Group Holdings Limited in the second quarter worth $202,000. American International Group Inc. lifted its stake in shares of Textainer Group Holdings Limited by 7.1% in the first quarter. American International Group Inc. now owns 13,970 shares of the transportation company’s stock worth $214,000 after buying an additional 926 shares during the last quarter. Meridian Investment Counsel Inc. lifted its stake in shares of Textainer Group Holdings Limited by 26.7% in the second quarter. Meridian Investment Counsel Inc. now owns 16,600 shares of the transportation company’s stock worth $241,000 after buying an additional 3,500 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new stake in shares of Textainer Group Holdings Limited in the first quarter worth $255,000. Hedge funds and other institutional investors own 22.38% of the company’s stock.

Textainer Group Holdings Limited (NYSE TGH) opened at 19.85 on Friday. The firm’s 50-day moving average is $17.36 and its 200-day moving average is $14.92. Textainer Group Holdings Limited has a 1-year low of $6.90 and a 1-year high of $20.16. The stock’s market cap is $1.13 billion.

Textainer Group Holdings Limited (NYSE:TGH) last announced its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.03). Textainer Group Holdings Limited had a negative net margin of 13.12% and a negative return on equity of 6.45%. The company had revenue of $119.25 million for the quarter, compared to analysts’ expectations of $120.62 million. During the same period in the previous year, the firm posted $0.04 earnings per share. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, analysts forecast that Textainer Group Holdings Limited will post $0.14 EPS for the current year.

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About Textainer Group Holdings Limited

Textainer Group Holdings Limited is a holding company. The Company is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Company operates in three segments: Container Ownership, which owns containers; Container Management, which manages containers on behalf of affiliated and unaffiliated container investors, and provides acquisition, management and disposal services, and total managed containers, and Container Resale, which sells containers from its fleet when they reach the end of their useful lives in marine service, and also purchases and leases or resells containers from shipping line customers, container traders and other sellers of containers.

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