Textainer Group Holdings Ltd. (NYSE:TGH) shares dropped 3.3% during mid-day trading on Wednesday . The company traded as low as $12.00 and last traded at $12.53, with a volume of 520,264 shares changing hands. The stock had previously closed at $12.96.

TGH has been the subject of several research analyst reports. Zacks Investment Research raised Textainer Group Holdings from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Saturday, May 7th. Cowen and Company reduced their target price on Textainer Group Holdings from $15.00 to $9.00 and set a “market perform” rating for the company in a research note on Thursday, May 5th. Six equities research 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 stock has a market capitalization of $713.35 million and a PE ratio of 10.57. The company’s 50-day moving average is $11.84 and its 200-day moving average is $12.37.

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 Thomson Reuters’ consensus estimate of $0.20 by $0.09. During the same quarter last year, the business posted $0.71 EPS. The company earned $128.90 million during the quarter, compared to analyst estimates of $125.81 million. The business’s quarterly revenue was down 7.4% on a year-over-year basis. On average, analysts predict that Textainer Group Holdings Ltd. will post $0.67 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 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 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 about 0.41% of Textainer Group Holdings worth $3,315,000 as of its most recent SEC filing.

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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