Textainer Group Holdings Limited (NYSE:TGH) hit a new 52-week low during trading on Thursday . The stock traded as low as $10.31 and last traded at $10.56, with a volume of 3071 shares trading hands. The stock had previously closed at $10.85.

Several equities research analysts have commented on TGH shares. Zacks Investment Research upgraded shares of Textainer Group from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research note on Friday, August 10th. TheStreet upgraded shares of Textainer Group from a “d+” rating to a “c” rating in a research note on Wednesday, August 8th. Cowen restated an “outperform” rating and issued a $20.00 price target (down previously from $22.00) on shares of Textainer Group in a research note on Monday, November 5th. ValuEngine lowered shares of Textainer Group from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 8th. Finally, Wells Fargo & Co lowered shares of Textainer Group from a “market perform” rating to an “underperform” rating and set a $11.00 price target on the stock. in a research note on Friday, September 28th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently 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 company has a market capitalization of $619.51 million, a P/E ratio of 26.10 and a beta of 2.56.

Textainer Group (NYSE:TGH) last posted its quarterly earnings data on Friday, November 2nd. The transportation company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $145.54 million. During the same quarter last year, the business posted $0.33 EPS. The company’s revenue was up 19.1% on a year-over-year basis. As a group, equities research analysts predict that Textainer Group Holdings Limited will post 1.04 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of TGH. Massachusetts Financial Services Co. MA boosted its stake in Textainer Group by 9.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 559,576 shares of the transportation company’s stock worth $8,897,000 after purchasing an additional 48,726 shares during the period. Strs Ohio boosted its stake in Textainer Group by 9.8% in the 2nd quarter. Strs Ohio now owns 43,900 shares of the transportation company’s stock worth $698,000 after purchasing an additional 3,900 shares during the period. Rutabaga Capital Management LLC MA boosted its stake in Textainer Group by 21.3% in 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 purchasing an additional 183,018 shares during the period. Meridian Investment Counsel Inc. boosted its stake in Textainer Group by 75.9% in the 2nd quarter. Meridian Investment Counsel Inc. now owns 29,200 shares of the transportation company’s stock worth $464,000 after purchasing an additional 12,600 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Textainer Group in the 2nd quarter worth approximately $122,000. 24.54% of the stock is owned by hedge funds and other institutional investors.

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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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