Textainer Group Holdings Limited (NYSE:TGH) has earned an average recommendation of “Buy” from the seven analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $22.00.

Several analysts recently weighed in on TGH shares. Wells Fargo & Company boosted their price objective on shares of Textainer Group Holdings Limited from $18.00 to $19.00 and gave the stock a “market perform” rating in a research note on Friday, October 20th. Zacks Investment Research raised shares of Textainer Group Holdings Limited from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Friday, October 20th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $20.00 price objective (up previously from $19.00) on shares of Textainer Group Holdings Limited in a research note on Tuesday, September 12th. Cowen and Company reissued a “buy” rating and issued a $21.00 price objective on shares of Textainer Group Holdings Limited in a research note on Tuesday, September 19th. Finally, ValuEngine raised shares of Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research note on Friday, August 4th.

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A number of hedge funds have recently added to or reduced their stakes in TGH. Thompson Siegel & Walmsley LLC acquired a new position in Textainer Group Holdings Limited in the third quarter valued at $7,835,000. Royce & Associates LP lifted its holdings in Textainer Group Holdings Limited by 98.4% in the second quarter. Royce & Associates LP now owns 763,190 shares of the transportation company’s stock valued at $11,066,000 after buying an additional 378,600 shares during the period. Prudential PLC acquired a new position in Textainer Group Holdings Limited in the second quarter valued at $4,671,000. Monarch Partners Asset Management LLC lifted its holdings in Textainer Group Holdings Limited by 845.5% in the third quarter. Monarch Partners Asset Management LLC now owns 350,490 shares of the transportation company’s stock valued at $6,011,000 after buying an additional 313,420 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Textainer Group Holdings Limited by 71.9% in the second quarter. Ameriprise Financial Inc. now owns 583,916 shares of the transportation company’s stock valued at $8,467,000 after buying an additional 244,167 shares during the period. Institutional investors and hedge funds own 22.96% of the company’s stock.

Shares of Textainer Group Holdings Limited (NYSE:TGH) opened at $21.95 on Thursday. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.85 and a current ratio of 0.85. Textainer Group Holdings Limited has a one year low of $7.40 and a one year high of $24.10.

Textainer Group Holdings Limited (NYSE:TGH) last issued its quarterly earnings data on Thursday, November 9th. The transportation company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.19. Textainer Group Holdings Limited had a net margin of 0.38% and a negative return on equity of 0.44%. The company had revenue of $125.60 million for the quarter, compared to analysts’ expectations of $122.87 million. During the same quarter in the previous year, the firm posted ($0.92) earnings per share. Textainer Group Holdings Limited’s revenue for the quarter was up 4.3% on a year-over-year basis. sell-side analysts expect that Textainer Group Holdings Limited will post 0.22 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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