Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Textainer Group Holdings Limited (NYSE:TGH) in a research report sent to investors on Sunday morning. The brokerage currently has a $22.00 target price on the transportation company’s stock.

Several other research firms also recently commented on TGH. SunTrust Banks, Inc. reissued a buy rating and set a $25.00 target price on shares of Textainer Group Holdings Limited in a research report on Friday, November 10th. Wells Fargo & Company increased their target price on shares of Textainer Group Holdings Limited from $19.00 to $22.00 and gave the stock a market perform rating in a research report on Tuesday, November 14th. Cowen and Company increased their target price on shares of Textainer Group Holdings Limited from $21.00 to $26.00 and gave the stock an outperform rating in a research report on Friday, November 10th. Zacks Investment Research raised shares of Textainer Group Holdings Limited from a hold rating to a strong-buy rating and set a $27.00 target price on the stock in a research report on Thursday, November 16th. Finally, ValuEngine raised shares of Textainer Group Holdings Limited from a sell rating to a hold rating in a research report on Friday, August 4th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of Buy and a consensus price target of $24.40.

Textainer Group Holdings Limited (NYSE TGH) opened at $23.25 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.19. Textainer Group Holdings Limited has a 1 year low of $7.40 and a 1 year high of $24.10.

Textainer Group Holdings Limited (NYSE:TGH) last posted its earnings results on Thursday, November 9th. The transportation company reported $0.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.19. The firm had revenue of $125.60 million for the quarter, compared to the consensus estimate of $122.87 million. Textainer Group Holdings Limited had a net margin of 0.38% and a negative return on equity of 0.44%. The business’s quarterly revenue was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted ($0.92) earnings per share. equities analysts expect that Textainer Group Holdings Limited will post 0.33 earnings per share for the current year.

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Hedge funds have recently added to or reduced their stakes in the business. Pacific Ridge Capital Partners LLC boosted its holdings in 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 acquiring an additional 10,800 shares during the period. Royce & Associates LP boosted its holdings in 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 acquiring an additional 378,600 shares during the period. Prudential PLC bought a new stake in Textainer Group Holdings Limited during the second quarter valued at about $4,671,000. Mangrove Partners bought a new stake in Textainer Group Holdings Limited during the second quarter valued at about $1,519,000. Finally, California Public Employees Retirement System boosted its holdings in Textainer Group Holdings Limited by 30.5% during the second quarter. California Public Employees Retirement System now owns 47,100 shares of the transportation company’s stock valued at $683,000 after acquiring an additional 11,000 shares during the period. Institutional investors own 23.62% 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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