Shares of Textainer Group Holdings Limited (NYSE:TGH) have earned an average rating of “Hold” from the six analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $18.50.
A number of brokerages have recently commented on TGH. ValuEngine raised shares of Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research report on Saturday, June 17th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Textainer Group Holdings Limited in a research report on Monday, May 15th. Cowen and Company cut their price objective on shares of Textainer Group Holdings Limited from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, May 15th. Finally, Zacks Investment Research lowered shares of Textainer Group Holdings Limited from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 20th.
A number of hedge funds have recently modified their holdings of TGH. Two Sigma Investments LP purchased a new stake in shares of Textainer Group Holdings Limited during the fourth quarter valued at $213,000. Fox Run Management L.L.C. purchased a new stake in shares of Textainer Group Holdings Limited during the first quarter valued at $213,000. American International Group Inc. boosted 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 valued at $214,000 after buying an additional 926 shares in the last quarter. Metropolitan Life Insurance Co. NY purchased a new stake in shares of Textainer Group Holdings Limited during the first quarter valued at $255,000. Finally, GHP Investment Advisors Inc. boosted its stake in shares of Textainer Group Holdings Limited by 23.0% in the first quarter. GHP Investment Advisors Inc. now owns 19,579 shares of the transportation company’s stock valued at $300,000 after buying an additional 3,665 shares in the last quarter. 21.62% of the stock is currently owned by hedge funds and other institutional investors.
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Shares of Textainer Group Holdings Limited (NYSE:TGH) traded up 5.13% during mid-day trading on Monday, hitting $14.35. The stock had a trading volume of 606,418 shares. Textainer Group Holdings Limited has a one year low of $6.90 and a one year high of $17.60. The firm’s 50 day moving average price is $11.95 and its 200-day moving average price is $12.64. The company’s market cap is $814.99 million.
Textainer Group Holdings Limited (NYSE:TGH) last released its earnings results on Thursday, May 4th. The transportation company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.01. The firm had revenue of $116.87 million for the quarter, compared to analyst estimates of $115.15 million. Textainer Group Holdings Limited had a negative return on equity of 6.01% and a negative net margin of 11.27%. The firm’s revenue was down 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.11 EPS. On average, equities research analysts anticipate that Textainer Group Holdings Limited will post $0.05 earnings per share for the current fiscal year.
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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