Textainer Group Holdings Limited (NYSE:TGH) Receives $12.00 Consensus Target Price from Analysts

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Shares of Textainer Group Holdings Limited (NYSE:TGH) have been given an average rating of “Hold” by the six brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $12.00.

A number of brokerages have commented on TGH. Cowen set a $13.00 target price on shares of Textainer Group and gave the company a “buy” rating in a report on Wednesday, August 7th. Compass Point set a $12.00 target price on shares of Textainer Group and gave the company a “hold” rating in a report on Wednesday, August 7th. Finally, Zacks Investment Research cut shares of Textainer Group from a “buy” rating to a “hold” rating in a report on Friday, July 26th.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its holdings in Textainer Group by 3.1% in the 4th quarter. BlackRock Inc. now owns 1,367,261 shares of the transportation company’s stock valued at $13,618,000 after purchasing an additional 40,927 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Textainer Group by 11.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,416,208 shares of the transportation company’s stock worth $14,105,000 after acquiring an additional 145,244 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Textainer Group by 19.8% during the 4th quarter. Geode Capital Management LLC now owns 96,960 shares of the transportation company’s stock worth $965,000 after acquiring an additional 16,050 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Textainer Group by 82.0% during the 4th quarter. Bank of America Corp DE now owns 21,773 shares of the transportation company’s stock worth $217,000 after acquiring an additional 9,807 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Textainer Group by 0.4% during the 4th quarter. FMR LLC now owns 799,257 shares of the transportation company’s stock worth $7,961,000 after acquiring an additional 2,841 shares during the last quarter. 25.82% of the stock is owned by hedge funds and other institutional investors.

Shares of TGH traded down $0.03 during mid-day trading on Thursday, hitting $6.75. 16,495 shares of the company traded hands, compared to its average volume of 145,778. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.70 and a current ratio of 0.70. The business has a 50-day moving average price of $9.34. Textainer Group has a 1 year low of $6.40 and a 1 year high of $15.62. The company has a market cap of $389.17 million, a PE ratio of 7.48 and a beta of 2.20.

Textainer Group (NYSE:TGH) last announced its earnings results on Tuesday, August 6th. The transportation company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.16). Textainer Group had a net margin of 5.11% and a return on equity of 5.24%. The business had revenue of $155.11 million for the quarter, compared to analysts’ expectations of $159.60 million. During the same period in the prior year, the company posted $0.31 earnings per share. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Equities analysts expect that Textainer Group will post 1.33 earnings per share for the current fiscal year.

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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