Textainer Group Holdings Ltd. (NYSE:TGH) shares shot up 5.8% on Friday . The stock traded as high as $11.36 and last traded at $11.30, with a volume of 317,099 shares traded. The stock had previously closed at $10.68.

Several research firms recently weighed in on TGH. Zacks Investment Research upgraded shares of Textainer Group Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Cowen and Company reduced their price target on shares of Textainer Group Holdings from $15.00 to $9.00 and set a “market perform” rating for the company in a research report on Thursday, May 5th. Six investment analysts have rated the stock with a hold rating, Textainer Group Holdings presently has a consensus rating of “Hold” and a consensus price target of $13.43.

The company’s 50 day moving average price is $11.87 and its 200-day moving average price is $12.47. The firm has a market capitalization of $639.24 million and a P/E ratio of 9.47.

Textainer Group Holdings (NYSE:TGH) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by $0.09. The business had revenue of $128.90 million for the quarter, compared to the consensus estimate of $125.81 million. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 EPS. Analysts expect that Textainer Group Holdings Ltd. will post $0.65 earnings per share for the current year.

A hedge fund recently raised its stake in Textainer Group Holdings stock. Foresters Investment Management Company Inc. raised its position in shares of Textainer Group Holdings Ltd. (NYSE:TGH) by 2.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 234,930 shares of the company’s stock after buying an additional 5,000 shares during the period. Foresters Investment Management Company Inc. owned 0.41% of Textainer Group Holdings worth $3,315,000 at the end of the most recent quarter.

Textainer Group Holdings Limited (TGH) is a holding company. The Company is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Company is a lessor of intermodal containers based on fleet size, with a total fleet of more than 2.1 million containers.

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