Textainer Group Holdings Limited (TGH) Given Average Rating of “Buy” by Analysts

Textainer Group Holdings Limited (NYSE:TGH) has been assigned a consensus rating of “Buy” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $24.40.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Prudential PLC acquired a new position in shares of Textainer Group during the second quarter valued at $4,671,000. Mangrove Partners acquired a new position in shares of Textainer Group during the second quarter valued at $1,519,000. Chicago Equity Partners LLC acquired a new position in shares of Textainer Group during the third quarter valued at $1,855,000. California Public Employees Retirement System lifted its stake in shares of Textainer Group by 30.5% during the second quarter. California Public Employees Retirement System now owns 47,100 shares of the transportation company’s stock valued at $683,000 after acquiring an additional 11,000 shares during the period. Finally, Royce & Associates LP lifted 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 valued at $14,838,000 after acquiring an additional 102,000 shares during the period. 24.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of Textainer Group (NYSE:TGH) opened at $21.90 on Friday. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $1,240.00, a price-to-earnings ratio of 730.00, a price-to-earnings-growth ratio of 1.51 and a beta of 2.48. Textainer Group has a 1 year low of $8.75 and a 1 year high of $24.10.

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

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Textainer Group Company Profile

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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