Shares of Textainer Group Holdings Limited (NYSE:TGH) have received a consensus rating of “Hold” from the six brokerages that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $12.00.

Several brokerages recently issued reports on TGH. Zacks Investment Research cut shares of Textainer Group from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Cowen set a $13.00 price target on shares of Textainer Group and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Compass Point set a $12.00 price target on shares of Textainer Group and gave the company a “hold” rating in a research report on Wednesday, August 7th.

Large investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA boosted its stake in Textainer Group by 145.9% during the first quarter. BNP Paribas Arbitrage SA now owns 5,691 shares of the transportation company’s stock worth $55,000 after acquiring an additional 3,377 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Textainer Group by 24.3% during the second quarter. JPMorgan Chase & Co. now owns 10,535 shares of the transportation company’s stock worth $102,000 after acquiring an additional 2,061 shares in the last quarter. M&T Bank Corp bought a new stake in Textainer Group during the second quarter worth about $105,000. Jefferies Group LLC bought a new stake in Textainer Group during the second quarter worth about $137,000. Finally, Bank of America Corp DE boosted its stake in Textainer Group by 82.0% during the fourth quarter. Bank of America Corp DE now owns 21,773 shares of the transportation company’s stock worth $217,000 after acquiring an additional 9,807 shares in the last quarter. 25.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE TGH traded down $0.03 during midday trading on Thursday, hitting $6.75. 16,495 shares of the company traded hands, compared to its average volume of 145,778. Textainer Group has a 12-month low of $6.40 and a 12-month high of $15.62. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 2.63. The firm has a 50-day moving average of $9.34. The company has a market capitalization of $389.17 million, a price-to-earnings ratio of 7.48 and a beta of 2.20.

Textainer Group (NYSE:TGH) last announced its quarterly earnings results on Tuesday, August 6th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.16). Textainer Group had a net margin of 5.11% and a return on equity of 5.24%. The company had revenue of $155.11 million for the quarter, compared to analysts’ expectations of $159.60 million. During the same quarter in the prior year, the firm earned $0.31 EPS. Textainer Group’s quarterly revenue was up 4.0% compared to the same quarter last year. Sell-side analysts predict that Textainer Group will post 1.33 earnings per share for the current year.

Textainer Group Company Profile

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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