Textainer Group (TGH) Receives New Coverage from Analysts at Compass Point

Compass Point initiated coverage on shares of Textainer Group (NYSE:TGH) in a research note published on Monday morning, The Fly reports. The brokerage issued a neutral rating on the transportation company’s stock.

Other equities research analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods reaffirmed a hold rating and set a $21.00 price objective on shares of Textainer Group in a research note on Friday, February 16th. TheStreet cut shares of Textainer Group from a c- rating to a d+ rating in a research note on Tuesday, February 20th. Finally, Zacks Investment Research raised shares of Textainer Group from a hold rating to a strong-buy rating and set a $27.00 price target on the stock in a research note on Saturday, January 20th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $24.20.

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Shares of NYSE TGH opened at $17.40 on Monday. The company has a market cap of $1,010.62, a PE ratio of 42.44 and a beta of 2.49. Textainer Group has a 12 month low of $9.60 and a 12 month high of $26.50. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.85 and a current ratio of 0.85.

Textainer Group (NYSE:TGH) last issued its quarterly earnings data on Thursday, February 15th. The transportation company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.07. The business had revenue of $129.30 million for the quarter, compared to analysts’ expectations of $127.91 million. Textainer Group had a net margin of 3.95% and a return on equity of 1.95%. The business’s revenue was up 7.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.24) EPS. analysts forecast that Textainer Group will post 1.4 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System boosted its stake in Textainer Group by 13.3% during the 3rd quarter. California Public Employees Retirement System now owns 53,346 shares of the transportation company’s stock worth $915,000 after purchasing an additional 6,246 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Textainer Group during the 4th quarter worth $186,000. Wells Fargo & Company MN boosted its stake in Textainer Group by 7.9% during the 3rd quarter. Wells Fargo & Company MN now owns 120,275 shares of the transportation company’s stock worth $2,063,000 after purchasing an additional 8,805 shares during the last quarter. Cubist Systematic Strategies LLC raised its holdings in shares of Textainer Group by 240.5% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 12,925 shares of the transportation company’s stock worth $222,000 after acquiring an additional 9,129 shares during the period. Finally, Atria Investments LLC purchased a new position in shares of Textainer Group during the 4th quarter worth $200,000. 27.06% of the stock is currently owned by hedge funds and other institutional investors.

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Textainer Group 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.

The Fly

Analyst Recommendations for Textainer Group (NYSE:TGH)

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