Textainer Group Holdings Limited (NYSE:TGH) reached a new 52-week low on Tuesday . The stock traded as low as $10.56 and last traded at $10.63, with a volume of 3668 shares. The stock had previously closed at $11.39.

Several equities research analysts recently weighed in on the stock. Wells Fargo & Co downgraded shares of Textainer Group from a “market perform” rating to an “underperform” rating and set a $11.00 price objective for the company. in a report on Friday, September 28th. Zacks Investment Research cut shares of Textainer Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 14th. TheStreet cut shares of Textainer Group from a “c” rating to a “d+” rating in a research report on Friday, November 2nd. ValuEngine cut shares of Textainer Group from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Finally, Cowen reiterated an “outperform” rating and issued a $20.00 price target (down from $22.00) on shares of Textainer Group in a research report on Monday, November 5th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. Textainer Group has a consensus rating of “Hold” and a consensus target price of $17.00.

The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.39. The stock has a market capitalization of $665.18 million, a P/E ratio of 26.32 and a beta of 2.57.

Textainer Group (NYSE:TGH) last issued its quarterly earnings results on Friday, November 2nd. The transportation company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.34 by $0.05. Textainer Group had a net margin of 10.01% and a return on equity of 5.79%. The firm had revenue of $149.40 million for the quarter, compared to analysts’ expectations of $145.54 million. During the same period in the previous year, the business earned $0.33 earnings per share. Textainer Group’s revenue for the quarter was up 19.1% compared to the same quarter last year. As a group, sell-side analysts expect that Textainer Group Holdings Limited will post 1.04 EPS for the current fiscal year.

Institutional investors have recently modified their holdings of the business. BlueMountain Capital Management LLC raised its holdings in Textainer Group by 72.5% during the 3rd quarter. BlueMountain Capital Management LLC now owns 37,457 shares of the transportation company’s stock worth $479,000 after buying an additional 15,746 shares during the period. Pacific Ridge Capital Partners LLC raised its holdings in Textainer Group by 8.5% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 128,210 shares of the transportation company’s stock worth $1,641,000 after buying an additional 10,090 shares during the period. Allianz Asset Management GmbH raised its holdings in Textainer Group by 32.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 53,144 shares of the transportation company’s stock worth $680,000 after buying an additional 13,154 shares during the period. Royce & Associates LP raised its holdings in Textainer Group by 10.9% during the 3rd quarter. Royce & Associates LP now owns 747,276 shares of the transportation company’s stock worth $9,565,000 after buying an additional 73,320 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Textainer Group by 12.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,270,964 shares of the transportation company’s stock worth $16,269,000 after buying an additional 139,957 shares during the period. Hedge funds and other institutional investors own 25.01% of the company’s stock.

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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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