General Finance (NASDAQ:GFN) Rating Increased to Buy at ValuEngine

General Finance (NASDAQ:GFN) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of General Finance from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a research report on Tuesday, November 19th.

Shares of General Finance stock opened at $10.58 on Tuesday. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.51 and a quick ratio of 1.06. The company has a 50-day moving average of $9.81 and a 200 day moving average of $8.51. The firm has a market cap of $330.53 million, a price-to-earnings ratio of 37.79, a PEG ratio of 1.31 and a beta of 1.59. General Finance has a 1 year low of $6.95 and a 1 year high of $13.97.

General Finance (NASDAQ:GFN) last issued its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.02. The company had revenue of $89.90 million during the quarter, compared to analyst estimates of $92.60 million. General Finance had a net margin of 1.55% and a return on equity of 12.88%. On average, equities analysts anticipate that General Finance will post 0.69 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the stock. Millennium Management LLC grew its position in General Finance by 106.4% during the 3rd quarter. Millennium Management LLC now owns 15,907 shares of the business services provider’s stock valued at $140,000 after purchasing an additional 8,199 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in General Finance during the 3rd quarter valued at about $28,000. Rhumbline Advisers grew its position in General Finance by 7.9% during the 3rd quarter. Rhumbline Advisers now owns 15,037 shares of the business services provider’s stock valued at $133,000 after purchasing an additional 1,098 shares during the last quarter. Royal Bank of Canada grew its position in General Finance by 1,027.6% during the 2nd quarter. Royal Bank of Canada now owns 3,800 shares of the business services provider’s stock valued at $32,000 after purchasing an additional 3,463 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in General Finance by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 647,765 shares of the business services provider’s stock valued at $5,422,000 after purchasing an additional 10,240 shares during the last quarter. 23.48% of the stock is currently owned by institutional investors.

General Finance Company Profile

General Finance Corporation, a specialty rental services company, provides portable storage, modular space, and liquid containment solutions in North America and the Asia-Pacific regions. Its portable storage products include storage containers used in classroom equipment storage, construction equipment and tool storage, disaster shelters, landscaping sheds, recreational equipment storage, and retail inventory storage applications; and freight containers used in freight transportation by road and rail.

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