Textainer Group Holdings Limited (NYSE:TGH)‘s stock had its “buy” rating reaffirmed by SunTrust Banks, Inc. in a research report issued on Friday. They presently have a $25.00 price target on the transportation company’s stock. SunTrust Banks, Inc.’s target price would suggest a potential upside of 6.16% from the company’s current price.

TGH has been the subject of several other research reports. ValuEngine raised shares of Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub raised shares of Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $16.00 target price on shares of Textainer Group Holdings Limited in a research report on Thursday, August 10th. Cowen and Company reaffirmed a “buy” rating and issued a $21.00 target price on shares of Textainer Group Holdings Limited in a research report on Tuesday, September 19th. Finally, Zacks Investment Research raised shares of Textainer Group Holdings Limited from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Wednesday, October 11th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Textainer Group Holdings Limited presently has an average rating of “Buy” and an average price target of $21.40.

Shares of Textainer Group Holdings Limited (NYSE:TGH) opened at $23.55 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 2.28. 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 quarterly earnings data on Thursday, November 9th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to the consensus estimate of $122.87 million. During the same quarter in the prior year, the firm earned ($0.92) earnings per share. The firm’s revenue was up 4.3% compared to the same quarter last year. analysts forecast that Textainer Group Holdings Limited will post 0.14 earnings per share for the current fiscal year.

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Several institutional investors and hedge funds have recently made changes to their positions in TGH. American International Group Inc. grew its position in shares of Textainer Group Holdings Limited by 7.1% in the 1st quarter. American International Group Inc. now owns 13,970 shares of the transportation company’s stock valued at $214,000 after acquiring an additional 926 shares during the period. Alliancebernstein L.P. grew its position in shares of Textainer Group Holdings Limited by 14.9% in the 1st quarter. Alliancebernstein L.P. now owns 21,600 shares of the transportation company’s stock valued at $330,000 after acquiring an additional 2,800 shares during the period. California Public Employees Retirement System grew its position in shares of Textainer Group Holdings Limited by 22.0% in the 1st quarter. California Public Employees Retirement System now owns 36,100 shares of the transportation company’s stock valued at $552,000 after acquiring an additional 6,500 shares during the period. Geode Capital Management LLC grew its position in shares of Textainer Group Holdings Limited by 13.9% in the 1st quarter. Geode Capital Management LLC now owns 208,109 shares of the transportation company’s stock valued at $3,184,000 after acquiring an additional 25,448 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Textainer Group Holdings Limited by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 760,137 shares of the transportation company’s stock valued at $11,629,000 after acquiring an additional 11,597 shares during the period. 22.35% 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.

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