Textainer Group Holdings Limited (NYSE:TGH)‘s stock had its “buy” rating reaffirmed by investment analysts at SunTrust Banks, Inc. in a research report issued on Thursday. They currently have a $19.00 price objective on the transportation company’s stock, up from their previous price objective of $16.00. SunTrust Banks, Inc.’s price objective points to a potential upside of 21.41% from the company’s current price. SunTrust Banks also issued estimates for Textainer Group Holdings Limited’s Q4 2017 earnings at $0.20 EPS, FY2017 earnings at $0.18 EPS, Q1 2018 earnings at $0.24 EPS, Q2 2018 earnings at $0.30 EPS, Q3 2018 earnings at $0.32 EPS, Q4 2018 earnings at $0.30 EPS and FY2018 earnings at $1.16 EPS.

Several other research analysts also recently commented on the stock. Zacks Investment Research raised shares of Textainer Group Holdings Limited from a “strong sell” rating to a “hold” rating in a report on Thursday, April 27th. Cowen and Company reaffirmed a “buy” rating and set a $21.00 price objective on shares of Textainer Group Holdings Limited in a report on Tuesday, July 11th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of Textainer Group Holdings Limited in a report on Friday, May 5th. ValuEngine raised shares of Textainer Group Holdings Limited from a “sell” rating to a “hold” rating in a research note on Saturday, June 17th. Finally, BidaskClub raised shares of Textainer Group Holdings Limited from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $18.75.

Textainer Group Holdings Limited (NYSE TGH) opened at 15.65 on Thursday. The firm’s 50-day moving average price is $15.09 and its 200-day moving average price is $14.15. The firm’s market cap is $889.12 million. Textainer Group Holdings Limited has a 12 month low of $6.90 and a 12 month high of $17.60.

Textainer Group Holdings Limited (NYSE:TGH) last issued its quarterly earnings results on Tuesday, August 8th. The transportation company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.03. Textainer Group Holdings Limited had a negative return on equity of 6.45% and a negative net margin of 13.12%. The company had revenue of $119.25 million for the quarter, compared to analysts’ expectations of $120.62 million. During the same quarter in the previous year, the business earned $0.04 EPS. The company’s revenue for the quarter was down 6.1% on a year-over-year basis. On average, equities research analysts expect that Textainer Group Holdings Limited will post $0.07 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Rutabaga Capital Management LLC MA bought a new position in shares of Textainer Group Holdings Limited during the first quarter worth $19,498,000. Royce & Associates LP acquired a new stake in shares of Textainer Group Holdings Limited during the first quarter worth approximately $5,884,000. Ameriprise Financial Inc. boosted its stake in shares of 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 worth $8,467,000 after buying an additional 244,167 shares in the last quarter. King Luther Capital Management Corp acquired a new stake in shares of Textainer Group Holdings Limited during the first quarter worth approximately $3,632,000. Finally, Wellington Management Group LLP boosted its stake in shares of Textainer Group Holdings Limited by 20.2% in the first quarter. Wellington Management Group LLP now owns 1,310,131 shares of the transportation company’s stock worth $20,045,000 after buying an additional 220,193 shares in the last quarter. Hedge funds and other institutional investors own 21.59% of the company’s stock.

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.

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