Keefe, Bruyette & Woods Reiterates Hold Rating for Textainer Group (TGH)

Textainer Group (NYSE:TGH)‘s stock had its “hold” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Friday. They presently have a $21.00 target price on the transportation company’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 26.13% from the company’s current price.

TGH has been the topic of a number of other reports. SunTrust Banks restated a “buy” rating and issued a $25.00 price target on shares of Textainer Group in a research note on Friday, November 10th. Wells Fargo & Co boosted their target price on Textainer Group from $19.00 to $22.00 and gave the stock a “market perform” rating in a research report on Tuesday, November 14th. Zacks Investment Research upgraded Textainer Group from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a research report on Saturday, January 20th. Finally, Cowen boosted their target price on Textainer Group from $21.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $24.20.

Shares of Textainer Group (TGH) opened at $16.65 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.19. Textainer Group has a 12 month low of $9.60 and a 12 month high of $26.50. The firm has a market capitalization of $946.41, a P/E ratio of 555.00, a P/E/G ratio of 1.20 and a beta of 2.31.

Textainer Group (NYSE:TGH) last posted its quarterly earnings results on Thursday, February 15th. The transportation company reported $0.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.07. Textainer Group had a return on equity of 1.96% and a net margin of 3.95%. The firm had revenue of $129.30 million for the quarter, compared to the consensus estimate of $127.91 million. During the same period in the previous year, the business earned ($0.24) earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year. research analysts anticipate that Textainer Group will post 1.3 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. MetLife Investment Advisors LLC purchased a new stake in Textainer Group during the fourth quarter worth $248,000. Gotham Asset Management LLC boosted its position in Textainer Group by 101.4% during the fourth quarter. Gotham Asset Management LLC now owns 169,987 shares of the transportation company’s stock worth $3,655,000 after purchasing an additional 85,582 shares in the last quarter. Glenmede Trust Co. NA purchased a new stake in Textainer Group during the fourth quarter worth $11,671,000. LPL Financial LLC purchased a new stake in Textainer Group during the fourth quarter worth $419,000. Finally, Millennium Management LLC boosted its position in Textainer Group by 25.7% during the fourth quarter. Millennium Management LLC now owns 159,786 shares of the transportation company’s stock worth $3,435,000 after purchasing an additional 32,682 shares in the last quarter. Institutional investors own 25.01% of the company’s stock.

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Textainer Group 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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