Textainer Group Holdings Limited (TGH) Raised to “Hold” at ValuEngine

Textainer Group Holdings Limited (NYSE:TGH) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

TGH has been the subject of several other research reports. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of Textainer Group Holdings Limited in a research note on Monday, May 15th. Cowen and Company reduced their price objective on shares of Textainer Group Holdings Limited from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, May 15th. Finally, Zacks Investment Research downgraded shares of Textainer Group Holdings Limited from a “hold” rating to a “strong sell” rating in a report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $18.67.

Textainer Group Holdings Limited (TGH) traded up 1.14% during mid-day trading on Friday, hitting $13.30. 223,339 shares of the stock were exchanged. Textainer Group Holdings Limited has a one year low of $6.90 and a one year high of $17.60. The company’s market cap is $755.36 million. The company has a 50-day moving average price of $12.01 and a 200-day moving average price of $12.54.

Textainer Group Holdings Limited (NYSE:TGH) last announced its quarterly earnings data on Thursday, May 4th. The transportation company reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. Textainer Group Holdings Limited had a negative net margin of 11.27% and a negative return on equity of 6.01%. The company had revenue of $116.87 million during the quarter, compared to analyst estimates of $115.15 million. During the same quarter last year, the business earned $0.11 EPS. The firm’s revenue for the quarter was down 9.1% on a year-over-year basis. Analysts forecast that Textainer Group Holdings Limited will post $0.05 earnings per share for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of TGH. Two Sigma Investments LP acquired a new position in Textainer Group Holdings Limited during the fourth quarter valued at $213,000. Fox Run Management L.L.C. acquired a new position in Textainer Group Holdings Limited during the first quarter valued at $213,000. American International Group Inc. increased its position 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 buying an additional 926 shares during the period. Metropolitan Life Insurance Co. NY acquired a new position in Textainer Group Holdings Limited during the first quarter valued at $255,000. Finally, GHP Investment Advisors Inc. increased its position in Textainer Group Holdings Limited by 23.0% in the first quarter. GHP Investment Advisors Inc. now owns 19,579 shares of the transportation company’s stock valued at $300,000 after buying an additional 3,665 shares during the period. Hedge funds and other institutional investors own 21.62% of the company’s stock.

About Textainer Group Holdings Limited

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TGH”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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