Textainer Group Holdings Limited (NYSE:TGH)‘s stock had its “buy” rating reaffirmed by stock analysts at SunTrust Banks, Inc. in a report released on Thursday. They currently have a $19.00 price objective on the transportation company’s stock, up from their previous price objective of $16.00. SunTrust Banks, Inc.’s price target suggests a potential upside of 15.50% from the company’s previous close.

TGH has been the topic of a number of other reports. Cowen and Company lowered their price objective on shares of Textainer Group Holdings Limited from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, May 15th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Textainer Group Holdings Limited in a research report on Friday, May 5th. Zacks Investment Research lowered shares of Textainer Group Holdings Limited from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 20th. BidaskClub upgraded shares of Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Finally, ValuEngine upgraded shares of Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $18.75.

Shares of Textainer Group Holdings Limited (NYSE TGH) opened at 16.45 on Thursday. The stock’s market capitalization is $934.26 million. Textainer Group Holdings Limited has a 12-month low of $6.90 and a 12-month high of $17.60. The stock has a 50 day moving average of $14.73 and a 200 day moving average of $13.94.

Textainer Group Holdings Limited (NYSE:TGH) last posted its quarterly earnings data on Tuesday, August 8th. The transportation company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.03. Textainer Group Holdings Limited had a negative net margin of 11.27% and a negative return on equity of 6.01%. The firm had revenue of $119.25 million during the quarter, compared to analysts’ expectations of $120.62 million. During the same quarter last year, the business earned $0.04 earnings per share. The business’s quarterly revenue was down 6.1% on a year-over-year basis. Equities research analysts anticipate that Textainer Group Holdings Limited will post $0.03 EPS for the current fiscal year.

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Several large investors have recently modified their holdings of the company. Fox Run Management L.L.C. bought a new stake in shares of Textainer Group Holdings Limited during the first quarter valued at approximately $213,000. American International Group Inc. raised its stake in shares of Textainer Group Holdings Limited by 7.1% in the first quarter. American International Group Inc. now owns 13,970 shares of the transportation company’s stock valued at $214,000 after buying an additional 926 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in shares of Textainer Group Holdings Limited during the first quarter valued at approximately $255,000. GHP Investment Advisors Inc. raised its stake in shares of Textainer Group Holdings Limited by 23.0% in the first quarter. GHP Investment Advisors Inc. now owns 19,579 shares of the transportation company’s stock valued at $300,000 after buying an additional 3,665 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Textainer Group Holdings Limited by 14.9% in the first quarter. Alliancebernstein L.P. now owns 21,600 shares of the transportation company’s stock valued at $330,000 after buying an additional 2,800 shares during the last quarter. Institutional investors own 21.59% of the company’s stock.

About Textainer Group Holdings Limited

Textainer Group Holdings Limited is a holding company. The Company is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Company operates in three segments: Container Ownership, which owns containers; Container Management, which manages containers on behalf of affiliated and unaffiliated container investors, and provides acquisition, management and disposal services, and total managed containers, and Container Resale, which sells containers from its fleet when they reach the end of their useful lives in marine service, and also purchases and leases or resells containers from shipping line customers, container traders and other sellers of containers.

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