Cowen and Company Boosts Textainer Group Holdings Limited (TGH) Price Target to $26.00

Textainer Group Holdings Limited (NYSE:TGH) had its price objective raised by analysts at Cowen and Company from $21.00 to $26.00 in a research note issued on Friday, November 10th, Marketbeat reports. The firm currently has an “outperform” rating on the transportation company’s stock. Cowen and Company’s price objective would suggest a potential upside of 15.30% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. ValuEngine upgraded shares of Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Zacks Investment Research downgraded shares of Textainer Group Holdings Limited from a “buy” rating to a “hold” rating in a report on Wednesday, October 18th. Keefe, Bruyette & Woods restated a “hold” rating and set a $16.00 target price on shares of Textainer Group Holdings Limited in a report on Thursday, August 10th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $19.00 price objective (up from $16.00) on shares of Textainer Group Holdings Limited in a report on Thursday, August 10th. Finally, BidaskClub upgraded shares of Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $24.40.

Textainer Group Holdings Limited (NYSE TGH) traded down $0.40 during trading on Friday, reaching $22.55. 352,600 shares of the company traded hands, compared to its average volume of 331,896. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.85 and a current ratio of 0.85. Textainer Group Holdings Limited has a twelve month low of $7.40 and a twelve month high of $24.10.

Textainer Group Holdings Limited (NYSE:TGH) last posted its quarterly earnings data on Thursday, November 9th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.19. Textainer Group Holdings Limited had a net margin of 0.38% and a negative return on equity of 0.44%. The company had revenue of $125.60 million for the quarter, compared to the consensus estimate of $122.87 million. During the same period last year, the company earned ($0.92) earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. analysts expect that Textainer Group Holdings Limited will post 0.33 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/11/20/textainer-group-holdings-limited-tgh-given-new-26-00-price-target-at-cowen-and-company.html.

Several institutional investors have recently added to or reduced their stakes in TGH. 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 during the period. Alliancebernstein L.P. increased its stake in shares of Textainer Group Holdings Limited by 14.9% in the first quarter. Alliancebernstein L.P. now owns 21,600 shares of the transportation company’s stock valued at $330,000 after buying an additional 2,800 shares during the period. California Public Employees Retirement System increased its stake in shares of Textainer Group Holdings Limited by 22.0% in the first quarter. California Public Employees Retirement System now owns 36,100 shares of the transportation company’s stock valued at $552,000 after buying an additional 6,500 shares during the period. Geode Capital Management LLC increased its position in Textainer Group Holdings Limited by 13.9% during the 1st quarter. Geode Capital Management LLC now owns 208,109 shares of the transportation company’s stock valued at $3,184,000 after purchasing an additional 25,448 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Textainer Group Holdings Limited by 1.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 760,137 shares of the transportation company’s stock valued at $11,629,000 after purchasing an additional 11,597 shares during the period. 23.62% of the stock is owned by institutional investors.

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.

Receive News & Ratings for Textainer Group Holdings Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Textainer Group Holdings Limited and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply