Textainer Group (NYSE:TGH – Get Rating) was downgraded by equities researchers at TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Tuesday, TheStreetRatingsTable reports.
TGH has been the topic of a number of other reports. Zacks Investment Research raised Textainer Group from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective on the stock in a research note on Wednesday, February 16th. B. Riley lifted their price objective on Textainer Group from $50.00 to $55.00 in a research note on Friday, February 11th. Finally, StockNews.com lowered Textainer Group from a “buy” rating to a “hold” rating in a research note on Tuesday.
Shares of TGH stock opened at $35.26 on Tuesday. The business’s 50-day moving average price is $37.81 and its 200-day moving average price is $36.83. Textainer Group has a 12 month low of $24.30 and a 12 month high of $41.89. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 6.53 and a beta of 1.22. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 3.35.
Textainer Group (NYSE:TGH – Get Rating) last announced its quarterly earnings results on Thursday, February 10th. The transportation company reported $1.46 EPS for the quarter, beating the Zacks’ consensus estimate of $1.26 by $0.20. The firm had revenue of $198.22 million for the quarter, compared to analyst estimates of $198.26 million. Textainer Group had a return on equity of 20.65% and a net margin of 37.21%. During the same period last year, the firm posted $0.81 earnings per share. On average, sell-side analysts predict that Textainer Group will post 5.92 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently modified their holdings of TGH. CWM LLC acquired a new position in Textainer Group in the fourth quarter valued at approximately $35,000. Dorsey Wright & Associates increased its holdings in shares of Textainer Group by 15.6% during the fourth quarter. Dorsey Wright & Associates now owns 2,308 shares of the transportation company’s stock valued at $82,000 after acquiring an additional 312 shares in the last quarter. Lazard Asset Management LLC increased its holdings in shares of Textainer Group by 28.7% during the fourth quarter. Lazard Asset Management LLC now owns 2,762 shares of the transportation company’s stock valued at $98,000 after acquiring an additional 616 shares in the last quarter. Citigroup Inc. increased its holdings in shares of Textainer Group by 128.3% during the third quarter. Citigroup Inc. now owns 5,450 shares of the transportation company’s stock valued at $190,000 after acquiring an additional 3,063 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of Textainer Group by 45.2% during the third quarter. Captrust Financial Advisors now owns 5,672 shares of the transportation company’s stock valued at $198,000 after acquiring an additional 1,767 shares in the last quarter. 49.46% of the stock is currently owned by hedge funds and other institutional investors.
About Textainer Group
Textainer Group Holdings Limited, through its subsidiaries, purchases, owns, manages, leases, and disposes a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company’s containers include standard and specialized dry freight, and refrigerated containers, as well as other special-purpose containers, which include tank, 45′, pallet-wide, and other types of containers.
