ValuEngine upgraded shares of Textainer Group Holdings Limited (NYSE:TGH) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Several other equities research analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a hold rating on shares of Textainer Group Holdings Limited in a research report on Monday, May 15th. Cowen and Company lowered their price target on shares of Textainer Group Holdings Limited from $22.00 to $21.00 and set an outperform rating for the company in a research report on Monday, May 15th. Finally, Zacks Investment Research raised shares of Textainer Group Holdings Limited from a strong sell rating to a hold rating in a research report on Thursday, April 27th. One investment analyst has 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 stock presently has an average rating of Hold and a consensus target price of $18.67.

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

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

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Several large investors have recently made changes to their positions in TGH. Driehaus Capital Management LLC acquired a new stake in shares of Textainer Group Holdings Limited during the first quarter valued at $1,678,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Textainer Group Holdings Limited during the first quarter valued at $255,000. Rutabaga Capital Management LLC MA acquired a new stake in shares of Textainer Group Holdings Limited during the first quarter valued at $19,498,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Textainer Group Holdings Limited by 9.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 199,579 shares of the transportation company’s stock valued at $3,054,000 after buying an additional 16,500 shares during the last quarter. Finally, King Luther Capital Management Corp acquired a new stake in shares of Textainer Group Holdings Limited during the first quarter valued at $3,632,000. 21.62% of the stock is owned by hedge funds and other institutional investors.

Textainer Group Holdings Limited 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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