Textainer Group (NYSE:TGH) Lifted to Buy at StockNews.com

StockNews.com upgraded shares of Textainer Group (NYSE:TGH – Get Rating) from a hold rating to a buy rating in a research report released on Monday.

Separately, TheStreet downgraded Textainer Group from a b rating to a c+ rating in a research report on Tuesday, April 5th.

Textainer Group stock opened at $27.63 on Monday. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.95 and a current ratio of 0.95. The stock has a fifty day moving average of $32.22 and a two-hundred day moving average of $35.33. The company has a market capitalization of $1.37 billion, a price-to-earnings ratio of 4.89 and a beta of 1.24. Textainer Group has a fifty-two week low of $26.97 and a fifty-two week high of $41.89.

Textainer Group (NYSE:TGH – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The transportation company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.14. The company had revenue of $198.72 million during the quarter, compared to the consensus estimate of $200.21 million. Textainer Group had a return on equity of 21.06% and a net margin of 37.80%. On average, analysts forecast that Textainer Group will post 6.19 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Friday, June 3rd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Thursday, June 2nd. Textainer Group’s dividend payout ratio (DPR) is 17.70%.

Several hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Textainer Group by 2.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 13,249 shares of the transportation company’s stock worth $473,000 after purchasing an additional 295 shares during the last quarter. Dorsey Wright & Associates boosted its holdings in Textainer Group by 15.6% in the fourth quarter. Dorsey Wright & Associates now owns 2,308 shares of the transportation company’s stock valued at $82,000 after acquiring an additional 312 shares during the last quarter. M&T Bank Corp boosted its holdings in Textainer Group by 3.5% in the first quarter. M&T Bank Corp now owns 12,639 shares of the transportation company’s stock valued at $481,000 after acquiring an additional 433 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Textainer Group by 28.7% in the fourth quarter. Lazard Asset Management LLC now owns 2,762 shares of the transportation company’s stock valued at $98,000 after acquiring an additional 616 shares during the last quarter. Finally, Fortitude Advisory Group L.L.C. acquired a new position in Textainer Group in the first quarter valued at $25,000. Institutional investors and hedge funds own 60.10% of the company’s stock.

Textainer Group Company Profile (Get Rating)

Textainer Group Holdings Limited, through its subsidiaries, purchases, owns, manages, leases, and disposes a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company's containers include standard and specialized dry freight, and refrigerated containers, as well as other special-purpose containers, which include tank, 45', pallet-wide, and other types of containers.

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