Textainer Group Holdings Ltd. (NYSE:TGH) shares dropped 3.9% during trading on Monday . The stock traded as low as $11.38 and last traded at $11.42, with a volume of 138,757 shares. The stock had previously closed at $11.88.

TGH has been the topic of several analyst reports. Zacks Investment Research downgraded Textainer Group Holdings from a “hold” rating to a “sell” rating in a report on Saturday, July 23rd. Cowen and Company decreased their price objective on 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. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The company has an average rating of “Hold” and an average price target of $13.43.

The firm has a market cap of $644.33 million and a P/E ratio of 9.55. The stock’s 50-day moving average price is $11.51 and its 200 day moving average price is $12.36.

Textainer Group Holdings (NYSE:TGH) last issued its quarterly 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 business earned $128.90 million during the quarter, compared to analyst estimates of $125.81 million. During the same period in the previous year, the firm earned $0.71 EPS. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. Analysts forecast that Textainer Group Holdings Ltd. will post $0.66 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 position in Textainer Group Holdings Ltd. (NYSE:TGH) by 2.2% during the fourth quarter, according to its most recent disclosure 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.