Zacks Investment Research upgraded shares of Textainer Group (NYSE:TGH) from a hold rating to a buy rating in a report published on Thursday morning. Zacks Investment Research currently has $15.00 price objective on the transportation company’s stock.

According to Zacks, “TEXTAINER GROUP is the worlds largest lessor of intermodal containers with a total fleet of more than 1.3 million containers, representing over 2,000,000 TEU. They lease containers to more than 400 shipping lines and other lessees, including each of the world’s top 20 container lines. Yhey are also the primary supplier of leased containers to the U.S. Military. Their goal is to be the most reliable lessor of containers in locations where their customers need them. They have provided an average of more than 100,000 TEU of new containers per year for the past 10 years, and have been one of the largest purchasers of new containers among container lessors over the same period. They are also one of the largest sellers of used containers , having sold an average of more than 53,000 containers per year for the last five years. “

A number of other analysts also recently issued reports on TGH. ValuEngine downgraded shares of Textainer Group from a sell rating to a strong sell rating in a report on Monday, February 4th. TheStreet downgraded shares of Textainer Group from a c rating to a d+ rating in a report on Friday, November 2nd. Finally, Cowen restated an outperform rating and set a $20.00 price target (down previously from $22.00) on shares of Textainer Group in a report on Monday, November 5th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Textainer Group has a consensus rating of Hold and an average price target of $16.80.

Shares of NYSE TGH opened at $13.38 on Thursday. The company has a market cap of $763.96 million, a PE ratio of 32.63 and a beta of 2.48. The company has a debt-to-equity ratio of 2.39, a current ratio of 0.74 and a quick ratio of 0.74. Textainer Group has a 1 year low of $9.10 and a 1 year high of $23.50.

Institutional investors have recently bought and sold shares of the stock. Waratah Capital Advisors Ltd. acquired a new stake in Textainer Group in the 3rd quarter valued at approximately $178,000. California Public Employees Retirement System increased its holdings in Textainer Group by 13.9% in the 2nd quarter. California Public Employees Retirement System now owns 32,241 shares of the transportation company’s stock valued at $513,000 after purchasing an additional 3,941 shares during the last quarter. BlueMountain Capital Management LLC increased its holdings in Textainer Group by 72.5% in the 3rd quarter. BlueMountain Capital Management LLC now owns 37,457 shares of the transportation company’s stock valued at $479,000 after purchasing an additional 15,746 shares during the last quarter. Rhumbline Advisers increased its holdings in Textainer Group by 42.4% in the 4th quarter. Rhumbline Advisers now owns 39,798 shares of the transportation company’s stock valued at $396,000 after purchasing an additional 11,858 shares during the last quarter. Finally, LPL Financial LLC boosted its position in Textainer Group by 97.7% in the 4th quarter. LPL Financial LLC now owns 47,562 shares of the transportation company’s stock valued at $474,000 after buying an additional 23,506 shares during the period. Hedge funds and other institutional investors own 24.72% of the company’s stock.

About Textainer Group

Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company owns and leases standard dry freight containers, refrigerated, and other special-purpose containers.

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