Brokerages Set Textainer Group Holdings Limited (NYSE:TGH) Target Price at $11.50

Shares of Textainer Group Holdings Limited (NYSE:TGH) have earned a consensus recommendation of “Hold” from the six research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $11.50.

Several brokerages have issued reports on TGH. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $11.00 target price on shares of Textainer Group in a research note on Friday, November 1st. Zacks Investment Research cut shares of Textainer Group from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. ValuEngine raised shares of Textainer Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. TheStreet raised shares of Textainer Group from a “d+” rating to a “c” rating in a research note on Friday, November 1st. Finally, Cowen cut shares of Textainer Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 5th.

NYSE TGH traded down $0.15 on Tuesday, hitting $9.48. The company had a trading volume of 98,995 shares, compared to its average volume of 158,094. The company has a market capitalization of $547.37 million, a PE ratio of 10.53 and a beta of 2.27. The company’s fifty day moving average price is $9.92 and its 200-day moving average price is $9.52. The company has a debt-to-equity ratio of 2.75, a current ratio of 1.22 and a quick ratio of 1.22. Textainer Group has a 12-month low of $6.40 and a 12-month high of $14.17.

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

A number of institutional investors and hedge funds have recently made changes to their positions in TGH. JPMorgan Chase & Co. boosted its stake in Textainer Group by 24.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,535 shares of the transportation company’s stock worth $102,000 after purchasing an additional 2,061 shares during the last quarter. M&T Bank Corp acquired a new position in shares of Textainer Group during the 2nd quarter valued at about $105,000. Jefferies Group LLC acquired a new position in shares of Textainer Group during the 2nd quarter valued at about $137,000. Atria Investments LLC boosted its position in shares of Textainer Group by 31.0% during the 2nd 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 last quarter. Finally, Russell Investments Group Ltd. acquired a new position in shares of Textainer Group during the 3rd quarter valued at about $225,000. 23.35% of the stock is currently owned by institutional investors.

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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