Textainer Group Holdings Limited (NYSE:TGH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The firm presently has a $21.00 target price on the transportation company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 14.13% from the stock’s current price.

According to Zacks, “TEXTAINER GROUP is the worlds largest lessor of intermodal containers with a total fleet of more than 1.3 million containers, representing over 2,000,000 TEU. They lease containers to more than 400 shipping lines and other lessees, including each of the world’s top 20 container lines. Yhey are also the primary supplier of leased containers to the U.S. Military. Their goal is to be the most reliable lessor of containers in locations where their customers need them. They have provided an average of more than 100,000 TEU of new containers per year for the past 10 years, and have been one of the largest purchasers of new containers among container lessors over the same period. They are also one of the largest sellers of used containers , having sold an average of more than 53,000 containers per year for the last five years. “

Several other research analysts have also issued reports on TGH. SunTrust Banks, Inc. restated 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. BidaskClub upgraded Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods restated 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. ValuEngine upgraded Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Finally, Cowen and Company restated a “buy” rating and set a $21.00 target price on shares of Textainer Group Holdings Limited in a research report on Tuesday, September 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $19.50.

Textainer Group Holdings Limited (TGH) opened at 18.40 on Friday. The company’s market cap is $1.05 billion. Textainer Group Holdings Limited has a 52-week low of $6.90 and a 52-week high of $19.35. The firm’s 50-day moving average price is $17.30 and its 200-day moving average price is $14.88.

Textainer Group Holdings Limited (NYSE:TGH) last released its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.03). The company had revenue of $119.25 million during the quarter, compared to analysts’ expectations of $120.62 million. Textainer Group Holdings Limited had a negative return on equity of 6.45% and a negative net margin of 13.12%. The company’s revenue was down 6.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.04 EPS. On average, equities analysts anticipate that Textainer Group Holdings Limited will post $0.14 EPS for the current year.

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Large investors have recently made changes to their positions in the business. Pacific Ridge Capital Partners LLC boosted its position in shares of Textainer Group Holdings Limited by 7.3% during the second quarter. Pacific Ridge Capital Partners LLC now owns 158,320 shares of the transportation company’s stock valued at $2,296,000 after buying an additional 10,800 shares during the period. Royce & Associates LP boosted its position in shares of Textainer Group Holdings Limited by 98.4% during the second quarter. Royce & Associates LP now owns 763,190 shares of the transportation company’s stock valued at $11,066,000 after buying an additional 378,600 shares during the period. Prudential PLC purchased a new position in shares of Textainer Group Holdings Limited during the second quarter valued at approximately $4,671,000. Mangrove Partners purchased a new position in shares of Textainer Group Holdings Limited during the second quarter valued at approximately $1,519,000. Finally, Marshall Wace North America L.P. purchased a new position in shares of Textainer Group Holdings Limited during the first quarter valued at approximately $649,000. Institutional investors and hedge funds own 22.38% of the company’s stock.

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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