Textainer Group Holdings Limited (TGH) Rating Reiterated by Cowen and Company

Textainer Group Holdings Limited (NYSE:TGH)‘s stock had its “buy” rating reaffirmed by equities research analysts at Cowen and Company in a note issued to investors on Tuesday. They currently have a $21.00 price target on the transportation company’s stock. Cowen and Company’s target price suggests a potential upside of 26.89% from the stock’s previous close.

A number of other research firms also recently weighed in on TGH. ValuEngine upgraded Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Zacks Investment Research upgraded Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. SunTrust Banks, Inc. restated a “buy” rating and issued a $20.00 price objective (up from $19.00) on shares of Textainer Group Holdings Limited in a report on Tuesday, September 12th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $16.00 price objective on shares of Textainer Group Holdings Limited in a report on Thursday, August 10th. Finally, BidaskClub upgraded Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $19.00.

Shares of Textainer Group Holdings Limited (TGH) opened at 16.55 on Tuesday. Textainer Group Holdings Limited has a 1-year low of $6.90 and a 1-year high of $18.35. The stock has a 50 day moving average price of $16.37 and a 200 day moving average price of $14.40. The firm’s market capitalization is $940.26 million.

Textainer Group Holdings Limited (NYSE:TGH) last announced its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.03). The company had revenue of $119.25 million for the quarter, compared to analyst estimates of $120.62 million. Textainer Group Holdings Limited had a negative return on equity of 6.45% and a negative net margin of 13.12%. The firm’s quarterly revenue was down 6.1% on a year-over-year basis. During the same quarter last year, the company posted $0.04 earnings per share. Equities research analysts anticipate that Textainer Group Holdings Limited will post $0.14 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. American International Group Inc. increased its holdings in Textainer Group Holdings Limited by 7.1% in the first quarter. American International Group Inc. now owns 13,970 shares of the transportation company’s stock valued at $214,000 after purchasing an additional 926 shares during the period. Teachers Advisors LLC increased its holdings in Textainer Group Holdings Limited by 2.7% in the second quarter. Teachers Advisors LLC now owns 49,019 shares of the transportation company’s stock valued at $711,000 after purchasing an additional 1,296 shares during the period. Alliancebernstein L.P. increased its holdings in Textainer Group Holdings Limited by 6.0% in the second quarter. Alliancebernstein L.P. now owns 22,900 shares of the transportation company’s stock valued at $332,000 after purchasing an additional 1,300 shares during the period. Dimensional Fund Advisors LP increased its holdings in Textainer Group Holdings Limited by 0.3% in the second quarter. Dimensional Fund Advisors LP now owns 762,629 shares of the transportation company’s stock valued at $11,058,000 after purchasing an additional 2,492 shares during the period. Finally, The Manufacturers Life Insurance Company increased its holdings in Textainer Group Holdings Limited by 16.3% in the second quarter. The Manufacturers Life Insurance Company now owns 22,734 shares of the transportation company’s stock valued at $329,000 after purchasing an additional 3,185 shares during the period. Institutional investors and hedge funds own 22.38% of the company’s stock.

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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