ValuEngine downgraded shares of General Finance (NASDAQ:GFN) from a buy rating to a hold rating in a research note released on Monday, ValuEngine reports.

Separately, Zacks Investment Research raised shares of General Finance from a hold rating to a buy rating and set a $11.00 price target on the stock in a research note on Tuesday, November 19th.

GFN opened at $10.48 on Monday. General Finance has a one year low of $6.95 and a one year high of $11.31. The company has a debt-to-equity ratio of 3.38, a current ratio of 1.51 and a quick ratio of 1.06. The company’s 50 day simple moving average is $10.12 and its 200-day simple moving average is $8.60. The stock has a market capitalization of $319.52 million, a P/E ratio of 37.43, a price-to-earnings-growth ratio of 1.25 and a beta of 1.59.

General Finance (NASDAQ:GFN) last released its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.02. General Finance had a net margin of 1.55% and a return on equity of 12.88%. The business had revenue of $89.90 million for the quarter, compared to analysts’ expectations of $92.60 million. As a group, analysts anticipate that General Finance will post 0.69 EPS for the current year.

Hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC bought a new position in General Finance in the third quarter valued at approximately $28,000. Royal Bank of Canada raised its holdings in General Finance by 1,027.6% in the second quarter. Royal Bank of Canada now owns 3,800 shares of the business services provider’s stock worth $32,000 after purchasing an additional 3,463 shares during the period. Marshall Wace LLP acquired a new stake in General Finance in the first quarter worth $81,000. SG Americas Securities LLC acquired a new stake in General Finance in the second quarter worth $100,000. Finally, Rhumbline Advisers raised its holdings in General Finance by 7.9% in the third quarter. Rhumbline Advisers now owns 15,037 shares of the business services provider’s stock worth $133,000 after purchasing an additional 1,098 shares during the period. 23.48% of the stock is currently owned by hedge funds and other institutional investors.

General Finance Company Profile

General Finance Corporation, a specialty rental services company, provides portable storage, modular space, and liquid containment solutions in North America and the Asia-Pacific regions. Its portable storage products include storage containers used in classroom equipment storage, construction equipment and tool storage, disaster shelters, landscaping sheds, recreational equipment storage, and retail inventory storage applications; and freight containers used in freight transportation by road and rail.

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