Textainer Group Holdings Limited (TGH) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Textainer Group Holdings Limited (NYSE:TGH) have received an average recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $18.67.

A number of equities analysts have weighed in on TGH shares. Zacks Investment Research raised Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Cowen and Company reaffirmed a “buy” rating and set a $21.00 price target on shares of Textainer Group Holdings Limited in a research report on Tuesday, July 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Textainer Group Holdings Limited in a research report on Friday, May 5th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $19.00 price target (up previously from $16.00) on shares of Textainer Group Holdings Limited in a research report on Thursday, August 10th. Finally, BidaskClub raised Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st.

Shares of Textainer Group Holdings Limited (NYSE:TGH) opened at 17.95 on Friday. The firm has a 50-day moving average of $15.88 and a 200-day moving average of $14.38. The firm’s market capitalization is $1.02 billion. Textainer Group Holdings Limited has a 1-year low of $6.90 and a 1-year high of $18.25.

Textainer Group Holdings Limited (NYSE:TGH) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.03. Textainer Group Holdings Limited had a negative return on equity of 6.45% and a negative net margin of 13.12%. The firm had revenue of $119.25 million for the quarter, compared to analyst estimates of $120.62 million. During the same period last year, the company earned $0.04 EPS. The company’s revenue was down 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that Textainer Group Holdings Limited will post $0.14 EPS for the current fiscal year.

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A number of large investors have recently made changes to their positions in the stock. Voya Investment Management LLC acquired a new stake in shares of Textainer Group Holdings Limited during the second quarter valued at about $170,000. Tudor Investment Corp ET AL acquired a new stake in shares of Textainer Group Holdings Limited during the second quarter valued at about $202,000. American International Group Inc. increased 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. Meridian Investment Counsel Inc. increased its stake in shares of Textainer Group Holdings Limited by 26.7% in the second quarter. Meridian Investment Counsel Inc. now owns 16,600 shares of the transportation company’s stock valued at $241,000 after buying an additional 3,500 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY acquired a new stake in shares of Textainer Group Holdings Limited during the first quarter valued at about $255,000. 22.42% of the stock is owned by institutional investors and hedge funds.

About Textainer Group Holdings Limited

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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