Textainer Group Holdings Limited (NYSE:TGH)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.01 and last traded at $11.05, with a volume of 570 shares trading hands. The stock had previously closed at $11.57.

TGH has been the subject of a number of analyst reports. Zacks Investment Research upgraded Textainer Group from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Friday, August 10th. TheStreet upgraded Textainer Group from a “d+” rating to a “c” rating in a research note on Wednesday, August 8th. Cowen cut their price target on Textainer Group from $26.00 to $22.00 and set an “outperform” rating for the company in a research note on Wednesday, August 8th. ValuEngine downgraded Textainer Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, Wells Fargo & Co downgraded Textainer Group from a “market perform” rating to an “underperform” rating and set a $11.00 price target for the company. in a research note on Friday, September 28th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $18.67.

The company has a market cap of $730.84 million, a PE ratio of 26.85 and a beta of 2.72. The company has a debt-to-equity ratio of 2.17, a current ratio of 0.57 and a quick ratio of 0.57.

Textainer Group (NYSE:TGH) last released its quarterly earnings results on Tuesday, August 7th. The transportation company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05). The company had revenue of $140.70 million for the quarter, compared to analyst estimates of $142.41 million. Textainer Group had a net margin of 13.60% and a return on equity of 5.58%. Equities research analysts expect that Textainer Group Holdings Limited will post 1.37 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Textainer Group by 7.1% during the 2nd quarter. BlackRock Inc. now owns 1,312,681 shares of the transportation company’s stock worth $20,871,000 after buying an additional 86,609 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Textainer Group by 20.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,131,007 shares of the transportation company’s stock worth $17,983,000 after buying an additional 189,453 shares in the last quarter. Rutabaga Capital Management LLC MA lifted its position in shares of Textainer Group by 21.3% during the 2nd quarter. Rutabaga Capital Management LLC MA now owns 1,044,128 shares of the transportation company’s stock worth $16,602,000 after buying an additional 183,018 shares in the last quarter. FMR LLC lifted its position in shares of Textainer Group by 3.1% during the 2nd quarter. FMR LLC now owns 786,284 shares of the transportation company’s stock worth $12,502,000 after buying an additional 24,000 shares in the last quarter. Finally, Royce & Associates LP lifted its position in shares of Textainer Group by 5.9% during the 2nd quarter. Royce & Associates LP now owns 673,956 shares of the transportation company’s stock worth $10,716,000 after buying an additional 37,500 shares in the last quarter. 24.88% of the stock is currently owned by hedge funds and other institutional investors.

Textainer Group Company Profile (NYSE:TGH)

Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company owns and leases standard dry freight containers, refrigerated, and other special-purpose containers.

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