Textainer Group Holdings Limited (NYSE:TGH) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Saturday.
Several other analysts have also commented on the company. Zacks Investment Research raised Textainer Group Holdings Limited from a “strong sell” rating to a “hold” rating in a report on Thursday, April 27th. Cowen and Company lowered their price objective on Textainer Group Holdings Limited from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of Textainer Group Holdings Limited in a research report on Monday, May 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $18.67.
Shares of Textainer Group Holdings Limited (TGH) traded up 1.14% during trading on Friday, reaching $13.30. The company’s stock had a trading volume of 223,339 shares. The stock’s market cap is $755.36 million. Textainer Group Holdings Limited has a 52-week low of $6.90 and a 52-week high of $17.60. The stock’s 50 day moving average price is $12.01 and its 200-day moving average price is $12.54.
Textainer Group Holdings Limited (NYSE:TGH) last announced its quarterly earnings data on Thursday, May 4th. The transportation company reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.01. The company had revenue of $116.87 million for the quarter, compared to analysts’ expectations of $115.15 million. Textainer Group Holdings Limited had a negative net margin of 11.27% and a negative return on equity of 6.01%. The firm’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.11 EPS. Equities analysts anticipate that Textainer Group Holdings Limited will post $0.05 EPS for the current year.
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Hedge funds have recently bought and sold shares of the company. Fox Run Management L.L.C. bought a new stake in Textainer Group Holdings Limited during the first quarter worth $213,000. American International Group Inc. raised 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 acquired a new stake in shares of Textainer Group Holdings Limited during the first quarter valued at approximately $255,000. GHP Investment Advisors Inc. raised 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. Finally, Alliancebernstein L.P. raised its stake in shares of Textainer Group Holdings Limited by 14.9% in the first quarter. Alliancebernstein L.P. now owns 21,600 shares of the transportation company’s stock valued at $330,000 after buying an additional 2,800 shares in the last quarter. Institutional investors own 21.62% of the company’s stock.
Textainer Group Holdings Limited Company Profile
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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