Textainer Group Holdings Limited (NYSE:TGH)‘s stock had its “buy” rating reaffirmed by equities researchers at SunTrust Banks, Inc. in a research note issued on Tuesday. They presently have a $20.00 target price on the transportation company’s stock, up from their previous target price of $19.00. SunTrust Banks, Inc.’s target price would indicate a potential upside of 17.99% from the company’s current price.

TGH has been the subject of several other reports. ValuEngine raised Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub raised Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods reissued a “hold” rating on shares of Textainer Group Holdings Limited in a research report on Monday, May 15th. Cowen and Company reduced their price target on Textainer Group Holdings Limited from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, May 15th. Finally, Zacks Investment Research cut Textainer Group Holdings Limited from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Textainer Group Holdings Limited currently has a consensus rating of “Hold” and a consensus target price of $19.00.

Textainer Group Holdings Limited (NYSE:TGH) traded down 0.59% during midday trading on Tuesday, reaching $16.85. The company had a trading volume of 265,945 shares. The company’s market cap is $957.30 million. The company’s 50-day moving average is $16.29 and its 200 day moving average is $14.36. Textainer Group Holdings Limited has a 52-week low of $6.90 and a 52-week high of $18.35.

Textainer Group Holdings Limited (NYSE:TGH) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). Textainer Group Holdings Limited had a negative net margin of 13.12% and a negative return on equity of 6.45%. The company had revenue of $119.25 million for the quarter, compared to analyst estimates of $120.62 million. During the same period last year, the company posted $0.04 earnings per share. The business’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, equities research analysts forecast that Textainer Group Holdings Limited will post $0.14 EPS for the current year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royce & Associates LP lifted its position in shares of Textainer Group Holdings Limited by 98.4% in the second quarter. Royce & Associates LP now owns 763,190 shares of the transportation company’s stock valued at $11,066,000 after buying an additional 378,600 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its position in shares of Textainer Group Holdings Limited by 7.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 158,320 shares of the transportation company’s stock valued at $2,296,000 after buying an additional 10,800 shares during the last quarter. Rutabaga Capital Management LLC MA acquired a new stake in shares of Textainer Group Holdings Limited in the first quarter valued at approximately $19,498,000. American International Group Inc. lifted its position 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. Finally, MARSHALL WACE ASIA Ltd acquired a new stake in shares of Textainer Group Holdings Limited in the first quarter valued at approximately $649,000. 22.42% of the stock is owned by institutional investors.

Textainer Group Holdings Limited Company Profile

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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