Textainer Group Holdings Limited (TGH) Price Target Increased to $26.00 by Analysts at Cowen and Company
Textainer Group Holdings Limited (NYSE:TGH) had its price objective lifted by Cowen and Company from $21.00 to $26.00 in a research report sent to investors on Friday morning, MarketBeat Ratings reports. Cowen and Company currently has an outperform rating on the transportation company’s stock.
Several other brokerages have also weighed in on TGH. Zacks Investment Research raised Textainer Group Holdings Limited from a sell rating to a hold rating in a research report on Tuesday, July 18th. Wells Fargo & Company raised their target price on Textainer Group Holdings Limited from $18.00 to $19.00 and gave the stock a market perform rating in a research report on Friday, October 20th. SunTrust Banks, Inc. reissued a buy rating and set a $19.00 target price (up previously from $16.00) on shares of Textainer Group Holdings Limited in a research report on Thursday, August 10th. Keefe, Bruyette & Woods reissued 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. Finally, BidaskClub raised Textainer Group Holdings Limited from a buy rating to a strong-buy rating in a research report on Tuesday, August 1st. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $21.40.
Shares of Textainer Group Holdings Limited (TGH) opened at $22.60 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 2.19. Textainer Group Holdings Limited has a 12-month low of $7.40 and a 12-month high of $24.10.
Textainer Group Holdings Limited (NYSE:TGH) last issued its earnings results on Thursday, November 9th. The transportation company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.19. Textainer Group Holdings Limited had a negative return on equity of 0.44% and a net margin of 0.38%. The business had revenue of $125.60 million for the quarter, compared to analyst estimates of $122.87 million. During the same quarter last year, the company earned ($0.92) EPS. The business’s quarterly revenue was up 4.3% on a year-over-year basis. research analysts predict that Textainer Group Holdings Limited will post 0.14 earnings per share for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in TGH. Voya Investment Management LLC acquired a new position in Textainer Group Holdings Limited during the second quarter worth approximately $170,000. Dynamic Technology Lab Private Ltd acquired a new position in Textainer Group Holdings Limited during the third quarter worth approximately $190,000. Tudor Investment Corp ET AL acquired a new position in Textainer Group Holdings Limited during the second quarter worth approximately $202,000. American International Group Inc. increased its position in Textainer Group Holdings Limited by 7.1% during the first quarter. American International Group Inc. now owns 13,970 shares of the transportation company’s stock worth $214,000 after buying an additional 926 shares during the period. Finally, Meridian Investment Counsel Inc. increased its position in Textainer Group Holdings Limited by 26.7% during the second quarter. Meridian Investment Counsel Inc. now owns 16,600 shares of the transportation company’s stock worth $241,000 after buying an additional 3,500 shares during the period. 22.96% of the stock is currently 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 Analyst Ratings Network's FREE daily email newsletter.