Textainer Group Holdings Ltd. (TGH) Stock Price Up 2.6%
Textainer Group Holdings Ltd. (NYSE:TGH) shares rose 2.6% during trading on Monday . The stock traded as high as $9.02 and last traded at $9.01, with a volume of 122,498 shares traded. The stock had previously closed at $8.78.
TGH has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Textainer Group Holdings from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Saturday, May 7th. Cowen and Company dropped 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 report on Thursday, May 5th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $13.33.
The stock has a 50-day moving average of $10.77 and a 200-day moving average of $12.32. The company has a market cap of $501.95 million and a P/E ratio of 19.24.
Textainer Group Holdings (NYSE:TGH) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.09. During the same period last year, the company earned $0.66 earnings per share. The firm had revenue of $127.45 million for the quarter, compared to the consensus estimate of $125.61 million. The firm’s quarterly revenue was down 7.8% compared to the same quarter last year. Analysts forecast that Textainer Group Holdings Ltd. will post $0.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 30th. Stockholders of record on Friday, August 19th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Wednesday, August 17th.
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.