Textainer Group Holdings Limited (TGH) Downgraded by Zacks Investment Research to “Hold”

Textainer Group Holdings Limited (NYSE:TGH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.

According to Zacks, “TEXTAINER GROUP is the worlds largest lessor of intermodal containers with a total fleet of more than 1.3 million containers, representing over 2,000,000 TEU. They lease containers to more than 400 shipping lines and other lessees, including each of the world’s top 20 container lines. Yhey are also the primary supplier of leased containers to the U.S. Military. Their goal is to be the most reliable lessor of containers in locations where their customers need them. They have provided an average of more than 100,000 TEU of new containers per year for the past 10 years, and have been one of the largest purchasers of new containers among container lessors over the same period. They are also one of the largest sellers of used containers , having sold an average of more than 53,000 containers per year for the last five years. “

Other research analysts also recently issued reports about the company. ValuEngine upgraded Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $16.00 price target on shares of Textainer Group Holdings Limited in a research note on Thursday, August 10th. SunTrust Banks, Inc. restated a “buy” rating and issued a $19.00 price target (up from $16.00) on shares of Textainer Group Holdings Limited in a research note on Thursday, August 10th. BidaskClub upgraded Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, Cowen and Company restated a “buy” rating and issued a $21.00 price target on shares of Textainer Group Holdings Limited in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Textainer Group Holdings Limited currently has a consensus rating of “Hold” and a consensus price target of $19.25.

Shares of Textainer Group Holdings Limited (TGH) opened at 18.10 on Wednesday. Textainer Group Holdings Limited has a 12-month low of $6.90 and a 12-month high of $18.60. The firm’s market capitalization is $1.03 billion. The company has a 50-day moving average price of $17.12 and a 200 day moving average price of $14.78.

Textainer Group Holdings Limited (NYSE:TGH) last posted its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.03). The firm had revenue of $119.25 million for the quarter, compared to the consensus estimate of $120.62 million. Textainer Group Holdings Limited had a negative return on equity of 6.45% and a negative net margin of 13.12%. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 earnings per share. Equities research analysts expect that Textainer Group Holdings Limited will post $0.14 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Textainer Group Holdings Limited (TGH) Downgraded by Zacks Investment Research to “Hold”” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/18/textainer-group-holdings-limited-tgh-downgraded-by-zacks-investment-research-to-hold.html.

A number of hedge funds have recently bought and sold shares of the business. American International Group Inc. grew its stake in 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 purchasing an additional 926 shares in the last quarter. Teachers Advisors LLC grew its stake in Textainer Group Holdings Limited by 2.7% in the second quarter. Teachers Advisors LLC now owns 49,019 shares of the transportation company’s stock valued at $711,000 after purchasing an additional 1,296 shares in the last quarter. Alliancebernstein L.P. grew its stake in Textainer Group Holdings Limited by 6.0% in the second quarter. Alliancebernstein L.P. now owns 22,900 shares of the transportation company’s stock valued at $332,000 after purchasing an additional 1,300 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Textainer Group Holdings Limited by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 762,629 shares of the transportation company’s stock valued at $11,058,000 after purchasing an additional 2,492 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Textainer Group Holdings Limited by 16.3% in the second quarter. The Manufacturers Life Insurance Company now owns 22,734 shares of the transportation company’s stock valued at $329,000 after purchasing an additional 3,185 shares in the last quarter. Hedge funds and other institutional investors own 22.38% of the company’s stock.

Textainer Group Holdings Limited Company Profile

Textainer Group Holdings Limited is a holding company. The Company is involv

According to Zacks, “TEXTAINER GROUP is the worlds largest lessor of intermodal containers with a total fleet of more than 1.3 million containers, representing over 2,000,000 TEU. They lease containers to more than 400 shipping lines and other lessees, including each of the world’s top 20 container lines. Yhey are also the primary supplier of leased containers to the U.S. Military. Their goal is to be the most reliable lessor of containers in locations where their customers need them. They have provided an average of more than 100,000 TEU of new containers per year for the past 10 years, and have been one of the largest purchasers of new containers among container lessors over the same period. They are also one of the largest sellers of used containers , having sold an average of more than 53,000 containers per year for the last five years. “

Other research analysts also recently issued reports about the company. ValuEngine upgraded Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $16.00 price target on shares of Textainer Group Holdings Limited in a research note on Thursday, August 10th. SunTrust Banks, Inc. restated a “buy” rating and issued a $19.00 price target (up from $16.00) on shares of Textainer Group Holdings Limited in a research note on Thursday, August 10th. BidaskClub upgraded Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, Cowen and Company restated a “buy” rating and issued a $21.00 price target on shares of Textainer Group Holdings Limited in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Textainer Group Holdings Limited currently has a consensus rating of “Hold” and a consensus price target of $19.25.

Shares of Textainer Group Holdings Limited (TGH) opened at 18.10 on Wednesday. Textainer Group Holdings Limited has a 12-month low of $6.90 and a 12-month high of $18.60. The firm’s market capitalization is $1.03 billion. The company has a 50-day moving average price of $17.12 and a 200 day moving average price of $14.78.

Textainer Group Holdings Limited (NYSE:TGH) last posted its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.03). The firm had revenue of $119.25 million for the quarter, compared to the consensus estimate of $120.62 million. Textainer Group Holdings Limited had a negative return on equity of 6.45% and a negative net margin of 13.12%. The firm’s quarterly revenue was down 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 earnings per share. Equities research analysts expect that Textainer Group Holdings Limited will post $0.14 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Textainer Group Holdings Limited (TGH) Downgraded by Zacks Investment Research to “Hold”” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was illegally copied and republished in violation of international copyright & trademark law. The legal version of this piece of content can be read at https://ledgergazette.com/2017/10/18/textainer-group-holdings-limited-tgh-downgraded-by-zacks-investment-research-to-hold.html.

A number of hedge funds have recently bought and sold shares of the business. American International Group Inc. grew its stake in 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 purchasing an additional 926 shares in the last quarter. Teachers Advisors LLC grew its stake in Textainer Group Holdings Limited by 2.7% in the second quarter. Teachers Advisors LLC now owns 49,019 shares of the transportation company’s stock valued at $711,000 after purchasing an additional 1,296 shares in the last quarter. Alliancebernstein L.P. grew its stake in Textainer Group Holdings Limited by 6.0% in the second quarter. Alliancebernstein L.P. now owns 22,900 shares of the transportation company’s stock valued at $332,000 after purchasing an additional 1,300 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Textainer Group Holdings Limited by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 762,629 shares of the transportation company’s stock valued at $11,058,000 after purchasing an additional 2,492 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Textainer Group Holdings Limited by 16.3% in the second quarter. The Manufacturers Life Insurance Company now owns 22,734 shares of the transportation company’s stock valued at $329,000 after purchasing an additional 3,185 shares in the last quarter. Hedge funds and other institutional investors own 22.38% of the company’s stock.

Textainer Group Holdings Limited 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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