Analysts Set Textainer Group Holdings Limited (NYSE:TGH) Target Price at $11.50

Textainer Group Holdings Limited (NYSE:TGH) has received a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $11.50.

Several equities analysts have recently issued reports on the company. Cowen cut Textainer Group from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $11.00 target price on shares of Textainer Group in a research note on Friday, November 1st. TheStreet raised shares of Textainer Group from a “d+” rating to a “c” rating in a report on Friday, November 1st. ValuEngine raised shares of Textainer Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Compass Point set a $12.00 price target on shares of Textainer Group and gave the stock a “hold” rating in a research note on Wednesday, August 7th.

Textainer Group stock opened at $8.73 on Friday. Textainer Group has a twelve month low of $6.40 and a twelve month high of $14.17. The stock’s fifty day simple moving average is $9.59 and its 200-day simple moving average is $9.43. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 2.75. The firm has a market capitalization of $518.98 million, a P/E ratio of 9.32 and a beta of 2.22.

Textainer Group (NYSE:TGH) last released its earnings results on Thursday, October 31st. The transportation company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.10). Textainer Group had a net margin of 6.46% and a return on equity of 4.50%. The company had revenue of $154.67 million during the quarter, compared to analysts’ expectations of $166.70 million. During the same quarter last year, the business posted $0.08 earnings per share. The company’s revenue for the quarter was down 2.0% on a year-over-year basis. Sell-side analysts predict that Textainer Group will post 0.97 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the business. M&T Bank Corp acquired a new position in shares of Textainer Group during the 2nd quarter worth about $105,000. JPMorgan Chase & Co. boosted its holdings in Textainer Group by 24.3% in the second quarter. JPMorgan Chase & Co. now owns 10,535 shares of the transportation company’s stock valued at $102,000 after purchasing an additional 2,061 shares in the last quarter. Jefferies Group LLC acquired a new position in Textainer Group in the second quarter valued at approximately $137,000. Russell Investments Group Ltd. purchased a new position in Textainer Group in the third quarter valued at approximately $225,000. Finally, Atria Investments LLC raised its holdings in Textainer Group by 31.0% during the second quarter. Atria Investments LLC now owns 28,901 shares of the transportation company’s stock worth $190,000 after purchasing an additional 6,834 shares in the last quarter. Institutional investors own 24.09% of the company’s stock.

About Textainer Group

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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