Textainer Group Holdings Ltd. (TGH) Trading 4% Higher
Textainer Group Holdings Ltd. (NYSE:TGH) traded up 4% during mid-day trading on Thursday . The stock traded as high as $12.81 and last traded at $12.79, with a volume of 187,090 shares trading hands. The stock had previously closed at $12.30.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Textainer Group Holdings from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Saturday, May 7th. Cowen and Company decreased their target price on Textainer Group Holdings from $15.00 to $9.00 and set a “market perform” rating on the stock in a research report on Thursday, May 5th. Six investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $13.43.
The firm’s 50 day moving average price is $11.82 and its 200-day moving average price is $12.41. The company has a market cap of $724.10 million and a P/E ratio of 10.73.
Textainer Group Holdings (NYSE:TGH) last issued its earnings results on Wednesday, May 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.09. The firm 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 last year, the firm posted $0.71 earnings per share. On average, analysts predict that Textainer Group Holdings Ltd. will post $0.65 EPS for the current fiscal year.
A hedge fund recently raised its stake in Textainer Group Holdings stock. Foresters Investment Management Company Inc. boosted its position in shares of Textainer Group Holdings Ltd. (NYSE:TGH) by 2.2% during the fourth quarter, according to its most recent filing with the SEC. The firm 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 approximately 0.41% of Textainer Group Holdings worth $3,315,000 as of its most recent filing with the SEC.
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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