Shares of Textainer Group Holdings Ltd. (NYSE:TGH) traded up 4% during trading on Thursday . The stock traded as high as $12.81 and last traded at $12.79, with a volume of 187,090 shares changing hands. The stock had previously closed at $12.30.

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

The firm has a market capitalization of $739.94 million and a price-to-earnings ratio of 10.96. The company has a 50-day moving average of $11.81 and a 200-day moving average of $12.40.

Textainer Group Holdings (NYSE:TGH) last released its quarterly earnings results on Wednesday, May 4th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.20 by $0.09. The firm had revenue of $128.90 million for the quarter, compared to analyst estimates of $125.81 million. Textainer Group Holdings’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.71 EPS. Analysts forecast 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. raised its stake in shares of Textainer Group Holdings Ltd. (NYSE:TGH) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.

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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