Textainer Group Holdings Ltd. (NYSE:TGH)’s share price fell 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. The stock had previously closed at $12.96.

Several equities analysts have weighed in on TGH shares. Cowen and Company lowered their price target on shares of Textainer Group Holdings from $15.00 to $9.00 and set a “market perform” rating on the stock in a report on Thursday, May 5th. Zacks Investment Research downgraded shares of Textainer Group Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, May 10th. Six research analysts have rated the stock with a hold rating, Textainer Group Holdings has an average rating of “Hold” and an average price target of $13.43.

The company has a market cap of $689.02 million and a PE ratio of 10.21. The stock’s 50 day moving average is $11.78 and its 200-day moving average is $12.37.

Textainer Group Holdings (NYSE:TGH) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.09. The firm had revenue of $128.90 million for the quarter, compared to analysts’ expectations of $125.81 million. During the same quarter in the prior year, the business posted $0.71 EPS. The firm’s quarterly revenue was down 7.4% on a year-over-year basis. On average, equities analysts expect that Textainer Group Holdings Ltd. will post $0.67 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 shares of Textainer Group Holdings Ltd. (NYSE:TGH) by 2.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 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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