Headlines about Textainer Group Holdings Limited (NYSE:TGH) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Textainer Group Holdings Limited earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned media stories about the transportation company an impact score of 46.4379486059384 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Better Buy: Seaspan Corporation vs. Textainer Group Holdings Limited (fool.com)
- Textainer Group Holdings Limited (TGH) Given New $22.00 Price Target at Wells Fargo & Company (americanbankingnews.com)
- Stocks on Trader’s Radar: Loews Corporation, (NYSE: L), Sony Corporation, (NYSE: SNE), Textainer Group Holdings … – Stocks In The News (press release) (tradingnewsnow.com)
- Lookout Overbought stock: Textainer Group Holdings Limited (TGH) – Wall Street Morning (wallstreetmorning.com)
- Insider Investors Have A Large Stake In Textainer Group Holdings Limited (NYSE:TGH), Paylocity Holding Corporation … – Wallstreet Investorplace (wallstreetinvestorplace.com)
A number of research analysts have recently weighed in on TGH shares. Cowen and Company reaffirmed a “buy” rating and set a $21.00 price objective on shares of Textainer Group Holdings Limited in a research report on Tuesday, September 19th. Zacks Investment Research cut Textainer Group Holdings Limited from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $20.00 target price (up from $19.00) on shares of Textainer Group Holdings Limited in a report on Tuesday, September 12th. BidaskClub upgraded Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Finally, Wells Fargo & Company boosted their target price on Textainer Group Holdings Limited from $18.00 to $19.00 and gave the stock a “market perform” rating in a research report on Friday, October 20th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $22.00.
Shares of Textainer Group Holdings Limited (NYSE:TGH) traded down $0.95 on Tuesday, reaching $22.60. 341,200 shares of the company traded hands, compared to its average volume of 332,068. Textainer Group Holdings Limited has a fifty-two week low of $7.40 and a fifty-two week high of $24.10. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.19.
Textainer Group Holdings Limited (NYSE:TGH) last announced its quarterly earnings results on Thursday, November 9th. The transportation company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.19. Textainer Group Holdings Limited had a negative return on equity of 0.44% and a net margin of 0.38%. The firm had revenue of $125.60 million for the quarter, compared to analysts’ expectations of $122.87 million. During the same period in the prior year, the business posted ($0.92) earnings per share. The company’s revenue was up 4.3% on a year-over-year basis. equities research analysts predict that Textainer Group Holdings Limited will post 0.14 EPS for the current year.
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.
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