Textainer Group (TGH) Hits New 1-Year Low at $11.95

Textainer Group Holdings Limited (NYSE:TGH)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $11.95 and last traded at $11.91, with a volume of 1750 shares traded. The stock had previously closed at $12.22.

Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Textainer Group from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Tuesday, July 10th. ValuEngine downgraded shares of Textainer Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Cowen lowered their target price on shares of Textainer Group from $26.00 to $22.00 and set an “outperform” rating on the stock in a report on Wednesday, August 8th. TheStreet raised shares of Textainer Group from a “d+” rating to a “c” rating in a report on Wednesday, August 8th. Finally, Wells Fargo & Co downgraded shares of Textainer Group from a “market perform” rating to an “underperform” rating and set a $11.00 target price on the stock. in a report on Friday, September 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $18.67.

The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $730.84 million, a price-to-earnings ratio of 29.46 and a beta of 2.72.

Textainer Group (NYSE:TGH) last posted its quarterly earnings data on Tuesday, August 7th. The transportation company reported $0.31 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.05). Textainer Group had a net margin of 13.60% and a return on equity of 5.58%. The firm had revenue of $140.70 million for the quarter, compared to the consensus estimate of $142.41 million. On average, equities analysts forecast that Textainer Group Holdings Limited will post 1.37 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. grew its holdings in shares of Textainer Group by 7.1% in the second quarter. BlackRock Inc. now owns 1,312,681 shares of the transportation company’s stock worth $20,871,000 after purchasing an additional 86,609 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Textainer Group by 20.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,131,007 shares of the transportation company’s stock worth $17,983,000 after purchasing an additional 189,453 shares during the last quarter. Rutabaga Capital Management LLC MA grew its holdings in shares of Textainer Group by 21.3% in the second quarter. Rutabaga Capital Management LLC MA now owns 1,044,128 shares of the transportation company’s stock worth $16,602,000 after purchasing an additional 183,018 shares during the last quarter. FMR LLC grew its holdings in shares of Textainer Group by 3.1% in the second quarter. FMR LLC now owns 786,284 shares of the transportation company’s stock worth $12,502,000 after purchasing an additional 24,000 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Textainer Group by 5.9% in the second quarter. Royce & Associates LP now owns 673,956 shares of the transportation company’s stock worth $10,716,000 after purchasing an additional 37,500 shares during the last quarter. Hedge funds and other institutional investors own 24.88% of the company’s stock.

About Textainer Group (NYSE:TGH)

Textainer Group Holdings Ltd. engages in the purchase, management, leasing, and resale of a fleet of marine cargo containers, through its. It operates through the following business segments: Container Ownership, Container Management, and Container Resale. The Container Ownership segment consists primarily of standard dry freight containers and also includes special-purpose containers.

Recommended Story: What does earnings per share mean?

Receive News & Ratings for Textainer Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Textainer Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply