TheStreet downgraded shares of Textainer Group (NYSE:TGH) from a c rating to a d+ rating in a report published on Friday.
A number of other research analysts have also recently commented on the company. Wells Fargo & Co cut Textainer Group from a market perform rating to an underperform rating and set a $11.00 price target for the company. in a research note on Friday, September 28th. ValuEngine cut Textainer Group from a hold rating to a sell rating in a research note on Tuesday, July 24th. Zacks Investment Research cut Textainer Group from a strong-buy rating to a hold rating in a research note on Tuesday, August 14th. Finally, Cowen reiterated an outperform rating and issued a $20.00 price target (down from $22.00) on shares of Textainer Group in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Textainer Group currently has a consensus rating of Hold and an average target price of $18.33.
Shares of TGH traded up $0.57 during trading hours on Friday, reaching $12.20. The stock had a trading volume of 377 shares, compared to its average volume of 139,696. Textainer Group has a 12 month low of $10.58 and a 12 month high of $26.50. The stock has a market capitalization of $665.18 million, a price-to-earnings ratio of 29.78 and a beta of 2.57. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.57 and a current ratio of 0.57.
Textainer Group (NYSE:TGH) last announced its quarterly earnings results on Friday, November 2nd. The transportation company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.05. Textainer Group had a return on equity of 5.82% and a net margin of 10.01%. The company had revenue of $149.40 million during the quarter, compared to analysts’ expectations of $145.54 million. During the same period in the prior year, the company earned $0.33 EPS. Textainer Group’s revenue was up 19.1% compared to the same quarter last year. As a group, equities analysts forecast that Textainer Group will post 1.32 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in Textainer Group in the second quarter valued at $122,000. Ladenburg Thalmann Financial Services Inc. increased its holdings in Textainer Group by 131.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 13,009 shares of the transportation company’s stock valued at $220,000 after purchasing an additional 7,400 shares during the period. Waratah Capital Advisors Ltd. acquired a new stake in Textainer Group in the third quarter valued at $178,000. Atria Investments LLC acquired a new stake in Textainer Group during the 2nd quarter worth about $226,000. Finally, Putnam Investments LLC acquired a new stake in Textainer Group during the 2nd quarter worth about $431,000. Institutional investors and hedge funds own 25.24% of the company’s stock.
Textainer Group Company Profile
Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company owns and leases standard dry freight containers, refrigerated, and other special-purpose containers.
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