Textainer Group (NYSE:TGH) will be issuing its quarterly earnings data before the market opens on Thursday, February 15th. Analysts expect the company to announce earnings of $0.17 per share for the quarter.
Textainer Group (TGH) opened at $22.00 on Tuesday. The company has a market capitalization of $1,230.61, a P/E ratio of 733.58, a P/E/G ratio of 1.38 and a beta of 2.32. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.19. Textainer Group has a 52-week low of $9.60 and a 52-week high of $26.50.
TGH has been the topic of several recent research reports. Zacks Investment Research lowered Textainer Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 18th. Wells Fargo & Co boosted their price target on Textainer Group from $18.00 to $19.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Cowen boosted their price target on Textainer Group from $21.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. SunTrust Banks reissued a “buy” rating and set a $25.00 price target on shares of Textainer Group in a research report on Friday, November 10th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $22.00 price target on shares of Textainer Group in a research report on Sunday, November 19th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. Textainer Group has a consensus rating of “Buy” and a consensus price target of $24.40.
A hedge fund recently raised its stake in Textainer Group stock. Vanguard Group Inc. increased its stake in shares of Textainer Group Holdings Limited (NYSE:TGH) by 10.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 100,174 shares of the transportation company’s stock after acquiring an additional 9,865 shares during the period. Vanguard Group Inc. owned approximately 0.18% of Textainer Group worth $1,453,000 at the end of the most recent reporting period. 25.01% of the stock is owned by hedge funds and other institutional investors.
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About Textainer Group
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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