Textainer Group Holdings Ltd. (NYSE:TGH)’s share price fell 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 trading hands. The stock had previously closed at $11.88.

Several research firms have commented on TGH. Zacks Investment Research upgraded shares of Textainer Group Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. Cowen and Company reduced their target price on shares of 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. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $13.43.

The company has a 50-day moving average of $11.51 and a 200-day moving average of $12.37. The company has a market cap of $635.28 million and a P/E ratio of 9.41.

Textainer Group Holdings (NYSE:TGH) last issued 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. During the same period in the previous year, the firm posted $0.71 earnings per share. The company had revenue of $128.90 million for the quarter, compared to the consensus estimate of $125.81 million. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, analysts forecast that Textainer Group Holdings Ltd. will post $0.66 earnings per share for the current fiscal year.

A hedge fund recently raised its stake 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 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 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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