Textainer Group Holdings Limited’s (TGH) “Buy” Rating Reiterated at SunTrust Banks, Inc.

SunTrust Banks, Inc. reaffirmed their buy rating on shares of Textainer Group Holdings Limited (NYSE:TGH) in a research note published on Friday morning. SunTrust Banks, Inc. currently has a $25.00 target price on the stock.

Several other equities research analysts also recently issued reports on the stock. Cowen and Company raised their price objective on shares of Textainer Group Holdings Limited from $21.00 to $26.00 and gave the stock an outperform rating in a research report on Friday. Wells Fargo & Company lifted their price target on shares of Textainer Group Holdings Limited from $18.00 to $19.00 and gave the company a market perform rating in a research report on Friday, October 20th. Zacks Investment Research upgraded shares of Textainer Group Holdings Limited from a hold rating to a buy rating and set a $21.00 price target for the company in a research report on Friday, October 20th. Keefe, Bruyette & Woods reiterated a hold rating and issued a $16.00 price target on shares of Textainer Group Holdings Limited in a research report on Thursday, August 10th. Finally, ValuEngine upgraded shares of Textainer Group Holdings Limited from a sell rating to a hold rating in a research report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of C$21.40.

Shares of Textainer Group Holdings Limited (NYSE:TGH) opened at C$23.55 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 2.19. Textainer Group Holdings Limited has a 1 year low of C$7.40 and a 1 year high of C$24.10.

Textainer Group Holdings Limited (NYSE:TGH) last issued its quarterly earnings data on Thursday, November 9th. The company reported C$0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.14 by C$0.19. The firm had revenue of C$125.60 million during the quarter, compared to the consensus estimate of C$122.87 million. Textainer Group Holdings Limited had a net margin of 0.38% and a negative return on equity of 0.44%. The business’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the business posted ($0.92) earnings per share. equities research analysts forecast that Textainer Group Holdings Limited will post 0.14 earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN raised its position in shares of Textainer Group Holdings Limited by 7.9% in the third quarter. Wells Fargo & Company MN now owns 120,275 shares of the company’s stock valued at $2,063,000 after buying an additional 8,805 shares in the last quarter. Thompson Siegel & Walmsley LLC acquired a new stake in shares of Textainer Group Holdings Limited in the third quarter valued at approximately $7,835,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Textainer Group Holdings Limited in the third quarter valued at approximately $190,000. Russell Investments Group Ltd. raised its position in shares of Textainer Group Holdings Limited by 89.8% in the third quarter. Russell Investments Group Ltd. now owns 83,881 shares of the company’s stock valued at $1,438,000 after buying an additional 39,689 shares in the last quarter. Finally, GHP Investment Advisors Inc. raised its position in shares of Textainer Group Holdings Limited by 15.8% in the third quarter. GHP Investment Advisors Inc. now owns 27,399 shares of the company’s stock valued at $470,000 after buying an additional 3,740 shares in the last quarter. Institutional investors own 22.96% 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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