Cowen and Company reiterated their buy rating on shares of Textainer Group Holdings Limited (NYSE:TGH) in a report issued on Tuesday morning. Cowen and Company currently has a $21.00 target price on the transportation company’s stock.

Several other research firms have also recently weighed in on TGH. Zacks Investment Research upgraded Textainer Group Holdings Limited from a sell rating to a hold rating in a research note on Tuesday, July 18th. SunTrust Banks, Inc. restated a buy rating and set a $19.00 target price (up from $16.00) on shares of Textainer Group Holdings Limited in a research note on Thursday, August 10th. Keefe, Bruyette & Woods restated a hold rating and set a $16.00 target price on shares of Textainer Group Holdings Limited in a research note on Thursday, August 10th. BidaskClub upgraded Textainer Group Holdings Limited from a buy rating to a strong-buy rating in a research note on Tuesday, August 1st. Finally, ValuEngine upgraded Textainer Group Holdings Limited from a sell rating to a hold rating in a research note on Saturday, June 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $19.00.

Shares of Textainer Group Holdings Limited (NYSE TGH) opened at 16.50 on Tuesday. The company’s 50-day moving average price is $16.38 and its 200-day moving average price is $14.41. Textainer Group Holdings Limited has a 12-month low of $6.90 and a 12-month high of $18.35. The firm’s market capitalization is $937.41 million.

Textainer Group Holdings Limited (NYSE:TGH) last released its earnings results on Tuesday, August 8th. The transportation company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). Textainer Group Holdings Limited had a negative return on equity of 6.45% and a negative net margin of 13.12%. The business had revenue of $119.25 million for the quarter, compared to the consensus estimate of $120.62 million. During the same quarter in the previous year, the company earned $0.04 earnings per share. The firm’s revenue for the quarter was down 6.1% on a year-over-year basis. Analysts anticipate that Textainer Group Holdings Limited will post $0.14 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “Textainer Group Holdings Limited (TGH) Receives Buy Rating from Cowen and Company” was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another website, it was illegally copied and republished in violation of United States & international trademark & copyright legislation. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/09/20/textainer-group-holdings-limited-tgh-receives-buy-rating-from-cowen-and-company.html.

Several large investors have recently made changes to their positions in the company. Rutabaga Capital Management LLC MA increased its holdings in shares of Textainer Group Holdings Limited by 13.3% during the second quarter. Rutabaga Capital Management LLC MA now owns 1,444,155 shares of the transportation company’s stock worth $20,940,000 after buying an additional 169,800 shares in the last quarter. California State Teachers Retirement System increased its holdings in shares of Textainer Group Holdings Limited by 7.6% during the second quarter. California State Teachers Retirement System now owns 48,062 shares of the transportation company’s stock worth $697,000 after buying an additional 3,400 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Textainer Group Holdings Limited during the second quarter worth $968,000. The Manufacturers Life Insurance Company increased its holdings in shares of Textainer Group Holdings Limited by 16.3% during the second quarter. The Manufacturers Life Insurance Company now owns 22,734 shares of the transportation company’s stock worth $329,000 after buying an additional 3,185 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Textainer Group Holdings Limited by 6.0% during the second quarter. State Street Corp now owns 431,424 shares of the transportation company’s stock worth $6,259,000 after buying an additional 24,370 shares in the last quarter. Institutional investors own 22.38% of the company’s stock.

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.

Receive News & Ratings for Textainer Group Holdings Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Textainer Group Holdings Limited and related companies with MarketBeat.com's FREE daily email newsletter.