Textainer Group Holdings Limited (NYSE:TGH) Receives $11.50 Consensus Target Price from Analysts

Textainer Group Holdings Limited (NYSE:TGH) has received an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $11.50.

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A number of brokerages recently issued reports on TGH. ValuEngine raised Textainer Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Compass Point set a $12.00 price target on Textainer Group and gave the company a “hold” rating in a report on Wednesday, August 7th. Cowen downgraded Textainer Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 5th. Zacks Investment Research downgraded Textainer Group from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $11.00 price target on shares of Textainer Group in a report on Friday, November 1st.

TGH traded down $0.15 on Tuesday, reaching $9.48. The company’s stock had a trading volume of 98,995 shares, compared to its average volume of 158,094. The stock has a 50 day moving average of $9.92 and a two-hundred day moving average of $9.52. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 2.75. The company has a market capitalization of $547.37 million, a price-to-earnings ratio of 10.53 and a beta of 2.27. Textainer Group has a fifty-two week low of $6.40 and a fifty-two week high of $14.17.

Textainer Group (NYSE:TGH) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.10). The business had revenue of $154.67 million during the quarter, compared to analyst estimates of $166.70 million. Textainer Group had a net margin of 6.46% and a return on equity of 4.50%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the company earned $0.08 earnings per share. As a group, analysts anticipate that Textainer Group will post 1.25 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. M&T Bank Corp acquired a new stake in shares of Textainer Group in the second quarter valued at approximately $105,000. JPMorgan Chase & Co. boosted its holdings in shares of Textainer Group by 24.3% in the second quarter. JPMorgan Chase & Co. now owns 10,535 shares of the transportation company’s stock valued at $102,000 after acquiring an additional 2,061 shares during the period. Jefferies Group LLC acquired a new stake in shares of Textainer Group in the second quarter valued at approximately $137,000. Russell Investments Group Ltd. acquired a new stake in shares of Textainer Group in the third quarter valued at approximately $225,000. Finally, Atria Investments LLC boosted its holdings in shares of Textainer Group by 31.0% in the second quarter. Atria Investments LLC now owns 28,901 shares of the transportation company’s stock valued at $190,000 after acquiring an additional 6,834 shares during the period. 23.35% of the stock is owned by institutional investors and hedge funds.

About Textainer Group

Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company owns and leases standard dry freight containers, refrigerated, and other special-purpose containers.

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