Shares of Textainer Group Holdings Limited (NYSE:TGH) have earned an average rating of “Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $24.40.

A number of analysts have commented on TGH shares. Wells Fargo & Company increased their price objective on shares of Textainer Group from $19.00 to $22.00 and gave the company a “market perform” rating in a report on Tuesday, November 14th. Cowen reiterated a “buy” rating and issued a $21.00 target price on shares of Textainer Group in a report on Tuesday, September 19th. SunTrust Banks reiterated a “buy” rating and issued a $25.00 target price on shares of Textainer Group in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Textainer Group from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Friday, October 20th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $22.00 target price on shares of Textainer Group in a report on Sunday, November 19th.

Shares of Textainer Group (NYSE:TGH) opened at $21.95 on Monday. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.85 and a quick ratio of 0.85. Textainer Group has a 12-month low of $7.40 and a 12-month high of $24.10.

Textainer Group (NYSE:TGH) last announced its quarterly earnings results on Thursday, November 9th. The transportation company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.19. Textainer Group had a negative return on equity of 0.44% and a net margin of 0.38%. The company had revenue of $125.60 million for the quarter, compared to the consensus estimate of $122.87 million. During the same period last year, the firm earned ($0.92) EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. analysts anticipate that Textainer Group will post 0.33 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Rutabaga Capital Management LLC MA lifted its position in Textainer Group by 13.3% in the second quarter. Rutabaga Capital Management LLC MA now owns 1,444,155 shares of the transportation company’s stock valued at $20,940,000 after acquiring an additional 169,800 shares during the last quarter. Royce & Associates LP increased its stake in shares of Textainer Group by 13.4% during the third quarter. Royce & Associates LP now owns 865,190 shares of the transportation company’s stock worth $14,838,000 after acquiring an additional 102,000 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Textainer Group by 0.3% during the second quarter. Dimensional Fund Advisors LP now owns 762,629 shares of the transportation company’s stock worth $11,058,000 after acquiring an additional 2,492 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Textainer Group by 71.9% during the second quarter. Ameriprise Financial Inc. now owns 583,916 shares of the transportation company’s stock worth $8,467,000 after acquiring an additional 244,167 shares during the period. Finally, Thompson Siegel & Walmsley LLC purchased a new stake in Textainer Group during the third quarter worth about $7,835,000. 24.48% of the stock is owned by institutional investors and hedge funds.

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About Textainer Group

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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