Keefe, Bruyette & Woods reissued their hold rating on shares of Textainer Group (NYSE:TGH) in a report issued on Friday. Keefe, Bruyette & Woods currently has a $21.00 target price on the transportation company’s stock.
Several other research firms have also commented on TGH. Zacks Investment Research upgraded shares of Textainer Group from a hold rating to a strong-buy rating and set a $27.00 price target on the stock in a report on Saturday, January 20th. SunTrust Banks restated a buy rating and issued a $25.00 price target on shares of Textainer Group in a report on Friday, November 10th. Wells Fargo & Co raised their price target on shares of Textainer Group from $19.00 to $22.00 and gave the company a market perform rating in a report on Tuesday, November 14th. Finally, Cowen raised their price target on shares of Textainer Group from $21.00 to $26.00 and gave the company an outperform rating in a report on Friday, November 10th. Three 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’s stock. Textainer Group has a consensus rating of Buy and an average price target of $24.20.
Textainer Group (TGH) traded down $2.10 during midday trading on Friday, reaching $16.65. 2,040,000 shares of the company traded hands, compared to its average volume of 309,164. Textainer Group has a 52-week low of $9.60 and a 52-week high of $26.50. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $946.41, a price-to-earnings ratio of 555.00, a price-to-earnings-growth ratio of 1.20 and a beta of 2.31.
Textainer Group (NYSE:TGH) last posted its quarterly earnings results on Thursday, February 15th. The transportation company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.07. Textainer Group had a net margin of 3.95% and a return on equity of 1.96%. The firm had revenue of $129.30 million for the quarter, compared to analyst estimates of $127.91 million. During the same quarter last year, the firm posted ($0.24) earnings per share. Textainer Group’s revenue for the quarter was up 7.6% compared to the same quarter last year. sell-side analysts anticipate that Textainer Group will post 1.3 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. MetLife Investment Advisors LLC purchased a new stake in shares of Textainer Group during the fourth quarter valued at approximately $248,000. Gotham Asset Management LLC raised its stake in shares of Textainer Group by 101.4% during the fourth quarter. Gotham Asset Management LLC now owns 169,987 shares of the transportation company’s stock valued at $3,655,000 after purchasing an additional 85,582 shares during the period. Glenmede Trust Co. NA purchased a new stake in shares of Textainer Group during the fourth quarter valued at approximately $11,671,000. LPL Financial LLC purchased a new stake in shares of Textainer Group during the fourth quarter valued at approximately $419,000. Finally, Millennium Management LLC raised its stake in shares of Textainer Group by 25.7% during the fourth quarter. Millennium Management LLC now owns 159,786 shares of the transportation company’s stock valued at $3,435,000 after purchasing an additional 32,682 shares during the period. Institutional investors own 25.01% of the company’s stock.
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About Textainer Group
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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