Media headlines about Textainer Group Holdings Limited (NYSE:TGH) have trended somewhat negative recently, according to AlphaOne Sentiment. The research group, a service of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources. AlphaOne ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Textainer Group Holdings Limited earned a news sentiment score of -0.04 on AlphaOne’s scale. AlphaOne also assigned news articles about the transportation company an impact score of 6 out of 100, indicating that recent media coverage is extremely unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have effected AlphaOne Sentiment Analysis’s rankings:
- Textainer Group Holdings Limited (NYSE:TGH) Valuation By The Numbers – Concord Register (concordregister.com)
- Market Spotlight: Tracking Shares of Textainer Group Holdings Limited (NYSE:TGH) – Business Daily (oxfordbusinessdaily.com)
- The Cowen and Company Cuts Textainer Group Holdings Limited (TGH) Price Target to $21.00 – BangaloreWeekly (bangaloreweekly.com)
- Shares Seesawing on Volume: Textainer Group Holdings Ltd (TGH) – Geneva Journal (genevajournal.com)
- Textainer Group Holdings Ltd (TGH) Needle Moving on Volume – The Times (tuckermantimes.com)
Shares of Textainer Group Holdings Limited (NYSE:TGH) opened at 10.30 on Friday. Textainer Group Holdings Limited has a 12-month low of $6.90 and a 12-month high of $17.60. The company’s market cap is $584.98 million. The stock has a 50 day moving average of $13.68 and a 200 day moving average of $12.14.
Textainer Group Holdings Limited (NYSE:TGH) last released its quarterly earnings results on Thursday, May 4th. The transportation company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by $0.01. The company had revenue of $116.87 million during the quarter, compared to analysts’ expectations of $115.15 million. Textainer Group Holdings Limited had a negative return on equity of 2.45% and a negative net margin of 5.79%. The firm’s revenue was down 9.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.11 EPS. Analysts forecast that Textainer Group Holdings Limited will post $0.05 earnings per share for the current year.
A number of analysts have issued reports on TGH shares. Cowen and Company upgraded shares of Textainer Group Holdings Limited from a “market perform” rating to an “outperform” rating and set a $15.00 price target on the stock in a report on Monday, January 23rd. Zacks Investment Research raised shares of Textainer Group Holdings Limited from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Thursday, February 23rd. SunTrust Banks, Inc. lifted their price target on shares of Textainer Group Holdings Limited from $9.50 to $16.00 and gave the stock a “buy” rating in a research note on Wednesday, January 25th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of Textainer Group Holdings Limited in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Textainer Group Holdings Limited currently has an average rating of “Hold” and a consensus target price of $18.67.
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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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