Textainer Group Holdings Ltd. (NYSE:TGH) shares saw strong trading volume on Friday . 214,116 shares were traded during mid-day trading, a decline of 27% from the previous session’s volume of 291,552 shares.The stock last traded at $13.03 and had previously closed at $12.80.

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

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

Textainer Group Holdings (NYSE:TGH) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.09. The company earned $128.90 million during the quarter, compared to analyst estimates of $125.81 million. During the same quarter last year, the firm posted $0.71 EPS. Textainer Group Holdings’s revenue was down 7.4% compared to the same quarter last year. Analysts forecast that Textainer Group Holdings Ltd. will post $0.65 EPS for the current fiscal year.

An institutional investor recently raised its position in Textainer Group Holdings stock. Foresters Investment Management Company Inc. boosted its position in shares of Textainer Group Holdings Ltd. (NYSE:TGH) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the 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 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.