Textainer Group Holdings Limited (NYSE:TGH) traded up 7.1% during trading on Monday . The stock traded as high as $7.60 and last traded at $7.42, 226,478 shares were traded during mid-day trading. An increase of 65% from the average session volume of 137,363 shares. The stock had previously closed at $6.93.
Several equities research analysts have recently commented on the company. Zacks Investment Research cut Textainer Group from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Compass Point set a $12.00 target price on Textainer Group and gave the company a “hold” rating in a research note on Wednesday, August 7th. Finally, Cowen set a $13.00 target price on Textainer Group and gave the company a “buy” rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $11.75.
The company has a 50 day moving average price of $9.06 and a 200 day moving average price of $10.21. The company has a market capitalization of $397.78 million, a price-to-earnings ratio of 8.24 and a beta of 2.20. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.63.
Textainer Group (NYSE:TGH) last posted its quarterly earnings results on Tuesday, August 6th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.16). Textainer Group had a return on equity of 5.24% and a net margin of 5.11%. The company had revenue of $155.11 million during the quarter, compared to the consensus estimate of $159.60 million. During the same quarter in the prior year, the business earned $0.31 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts predict that Textainer Group Holdings Limited will post 1.33 earnings per share for the current year.
Several large investors have recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in shares of Textainer Group by 2.4% during the second quarter. Royal Bank of Canada now owns 86,958 shares of the transportation company’s stock worth $875,000 after acquiring an additional 2,003 shares during the period. Zacks Investment Management bought a new stake in shares of Textainer Group during the second quarter worth approximately $352,000. OneAscent Financial Services LLC bought a new stake in shares of Textainer Group during the second quarter worth approximately $310,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of Textainer Group by 396.0% during the second quarter. D. E. Shaw & Co. Inc. now owns 69,335 shares of the transportation company’s stock worth $699,000 after acquiring an additional 55,356 shares during the period. Finally, Jefferies Group LLC bought a new stake in shares of Textainer Group during the second quarter worth approximately $137,000. Institutional investors and hedge funds own 24.34% of the company’s stock.
About Textainer Group (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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