General Finance Corp. (GFN) Stock Rating Reaffirmed by DA Davidson
General Finance Corp. (NASDAQ:GFN)‘s stock had its “buy” rating reissued by equities research analysts at DA Davidson in a report released on Tuesday. They presently have a $6.00 target price on the stock. DA Davidson’s price target would suggest a potential upside of 48.15% from the company’s previous close.
Separately, Zacks Investment Research upgraded General Finance Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th.
Shares of General Finance Corp. (NASDAQ:GFN) traded up 0.6247% on Tuesday, reaching $4.0753. 2,800 shares of the company traded hands. The firm has a 50-day moving average price of $4.31 and a 200 day moving average price of $4.32. General Finance Corp. has a one year low of $3.50 and a one year high of $5.38. The company’s market capitalization is $106.85 million.
General Finance Corp. (NASDAQ:GFN) last posted its quarterly earnings data on Monday, November 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.01. General Finance Corp. had a negative net margin of 1.92% and a positive return on equity of 0.22%. Equities analysts forecast that General Finance Corp. will post ($0.17) EPS for the current fiscal year.
In related news, CEO Ronald Valenta purchased 8,000 shares of General Finance Corp. stock in a transaction dated Friday, October 21st. The stock was purchased at an average cost of $4.25 per share, with a total value of $34,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 25.80% of the stock is owned by insiders.
About General Finance Corp.
General Finance Corporation is a specialty rental services company. The Company offers a range of portable storage units, including its core 20-feet and 40-feet steel containers, office container, mobile office and modular space products and steel tanks. It has two geographic areas, which include the Asia-Pacific (Pan-Pacific) area and North America.
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