Textainer Group Holdings Limited (NYSE:TGH)‘s stock had its “buy” rating reaffirmed by Cowen and Company in a research note issued on Tuesday. They currently have a $21.00 target price on the transportation company’s stock. Cowen and Company’s price objective points to a potential upside of 25.00% from the company’s previous close.

Several other brokerages have also recently issued reports on TGH. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $20.00 target price (up previously from $19.00) on shares of Textainer Group Holdings Limited in a research report on Tuesday, September 12th. ValuEngine raised Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $16.00 target price on shares of Textainer Group Holdings Limited in a research report on Thursday, August 10th. BidaskClub raised Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research cut Textainer Group Holdings Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $19.00.

Textainer Group Holdings Limited (TGH) opened at 16.80 on Tuesday. Textainer Group Holdings Limited has a 52 week low of $6.90 and a 52 week high of $18.35. The stock’s market cap is $954.46 million. The firm’s 50-day moving average price is $16.38 and its 200-day moving average price is $14.41.

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

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Several institutional investors have recently bought and sold shares of the company. Rutabaga Capital Management LLC MA boosted its position in shares of Textainer Group Holdings Limited by 13.3% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,444,155 shares of the transportation company’s stock worth $20,940,000 after purchasing an additional 169,800 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Textainer Group Holdings Limited by 20.2% in the 1st quarter. Wellington Management Group LLP now owns 1,310,131 shares of the transportation company’s stock worth $20,045,000 after purchasing an additional 220,193 shares in the last quarter. Royce & Associates LP boosted its position in shares of Textainer Group Holdings Limited by 98.4% in the 2nd quarter. Royce & Associates LP now owns 763,190 shares of the transportation company’s stock worth $11,066,000 after purchasing an additional 378,600 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Textainer Group Holdings Limited by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 762,629 shares of the transportation company’s stock worth $11,058,000 after purchasing an additional 2,492 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Textainer Group Holdings Limited by 71.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 583,916 shares of the transportation company’s stock worth $8,467,000 after purchasing an additional 244,167 shares in the last quarter. 22.38% of the stock is owned by hedge funds and other institutional investors.

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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