Textainer Group Holdings Ltd. (TGH) Sees Unusually-High Trading Volume
Shares of Textainer Group Holdings Ltd. (NYSE:TGH) saw unusually-strong trading volume on Friday . Approximately 214,116 shares changed hands during mid-day trading, a decline of 27% from the previous session’s volume of 291,552 shares.The stock last traded at $13.03 and had previously closed at $12.80.
A number of research analysts have recently issued reports on TGH shares. Zacks Investment Research raised Textainer Group Holdings from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Saturday, May 7th. Cowen and Company reduced their price objective on Textainer Group Holdings from $15.00 to $9.00 and set a “market perform” rating on the stock in a research note on Thursday, May 5th. Six analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of $13.43.
The firm has a 50 day moving average price of $11.81 and a 200-day moving average price of $12.41. The stock has a market capitalization of $739.94 million and a P/E ratio of 10.96.
Textainer Group Holdings (NYSE:TGH) last released its earnings results on Wednesday, May 4th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by $0.09. The company had revenue of $128.90 million for the quarter, compared to the consensus estimate of $125.81 million. During the same quarter last year, the business posted $0.71 EPS. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. Equities research analysts predict that Textainer Group Holdings Ltd. will post $0.65 EPS for the current year.
An institutional investor recently raised its position in Textainer Group Holdings stock. Foresters Investment Management Company Inc. increased its stake in Textainer Group Holdings Ltd. (NYSE:TGH) by 2.2% during the fourth quarter, according to its most recent 13F filing with the SEC. 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 about 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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