Textainer Group Holdings Limited (TGH) Receives Consensus Rating of “Buy” from Analysts

Shares of Textainer Group Holdings Limited (NYSE:TGH) have earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $24.20.

TGH has been the topic of a number of research reports. Zacks Investment Research upgraded shares of Textainer Group from a “hold” rating to a “strong-buy” rating and set a $27.00 target price on the stock in a research report on Saturday, January 20th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $21.00 target price on shares of Textainer Group in a research report on Friday, February 16th. Finally, TheStreet lowered shares of Textainer Group from a “c-” rating to a “d+” rating in a research report on Tuesday, February 20th.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Textainer Group by 1.6% in the fourth quarter. BlackRock Inc. now owns 1,232,324 shares of the transportation company’s stock valued at $26,495,000 after buying an additional 19,738 shares during the period. Royce & Associates LP increased its stake in Textainer Group by 2.5% in the fourth quarter. Royce & Associates LP now owns 886,556 shares of the transportation company’s stock valued at $19,061,000 after purchasing an additional 21,366 shares in the last quarter. Clearbridge LLC increased its stake in Textainer Group by 9.8% in the fourth quarter. Clearbridge LLC now owns 654,529 shares of the transportation company’s stock valued at $14,072,000 after purchasing an additional 58,640 shares in the last quarter. Glenmede Trust Co. NA bought a new stake in Textainer Group in the fourth quarter valued at approximately $11,671,000. Finally, Thompson Siegel & Walmsley LLC bought a new stake in Textainer Group in the third quarter valued at approximately $7,835,000. Institutional investors and hedge funds own 26.96% of the company’s stock.

Shares of TGH stock traded up $0.45 during mid-day trading on Wednesday, hitting $18.05. 214,713 shares of the stock were exchanged, compared to its average volume of 331,769. Textainer Group has a 12 month low of $9.60 and a 12 month high of $26.50. The firm has a market capitalization of $1,004.91, a price-to-earnings ratio of 42.93 and a beta of 2.55. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.85 and a quick ratio of 0.85.

Textainer Group (NYSE:TGH) last announced its earnings results on Thursday, February 15th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.07. Textainer Group had a net margin of 3.95% and a return on equity of 1.95%. The company had revenue of $129.30 million for the quarter, compared to analyst estimates of $127.91 million. During the same period in the prior year, the business earned ($0.24) earnings per share. Textainer Group’s quarterly revenue was up 7.6% on a year-over-year basis. equities research analysts anticipate that Textainer Group will post 1.4 earnings per share for the current year.

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About Textainer Group

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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