StockNews.com Upgrades Textainer Group (NYSE:TGH) to “Buy”

StockNews.com upgraded shares of Textainer Group (NYSE:TGHGet Rating) from a hold rating to a buy rating in a research note issued to investors on Wednesday.

A number of other equities research analysts have also weighed in on the stock. B. Riley boosted their price objective on shares of Textainer Group from $50.00 to $55.00 in a report on Friday, February 11th. Zacks Investment Research upgraded Textainer Group from a hold rating to a strong-buy rating and set a $44.00 price objective on the stock in a report on Wednesday, February 16th. Finally, TheStreet cut Textainer Group from a b rating to a c+ rating in a report on Tuesday, April 5th.

TGH opened at $34.94 on Wednesday. The business’s fifty day simple moving average is $37.46 and its 200 day simple moving average is $36.88. Textainer Group has a 52 week low of $24.30 and a 52 week high of $41.89. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 3.35. The stock has a market cap of $1.73 billion, a PE ratio of 6.47 and a beta of 1.22.

Textainer Group (NYSE:TGHGet Rating) last announced its quarterly earnings data on Thursday, February 10th. The transportation company reported $1.46 EPS for the quarter, beating the consensus estimate of $1.26 by $0.20. The firm had revenue of $198.22 million for the quarter, compared to analyst estimates of $198.26 million. Textainer Group had a return on equity of 20.65% and a net margin of 37.21%. During the same period in the prior year, the company earned $0.81 EPS. As a group, equities analysts anticipate that Textainer Group will post 5.92 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Friday, March 4th were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, March 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.86%. Textainer Group’s dividend payout ratio is currently 18.52%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC grew its position in shares of Textainer Group by 7.1% in the 4th quarter. Barclays PLC now owns 57,210 shares of the transportation company’s stock worth $2,043,000 after buying an additional 3,790 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Textainer Group by 25.5% in the fourth quarter. Wells Fargo & Company MN now owns 62,044 shares of the transportation company’s stock worth $2,215,000 after acquiring an additional 12,621 shares during the period. Deutsche Bank AG boosted its holdings in Textainer Group by 32.5% in the fourth quarter. Deutsche Bank AG now owns 68,764 shares of the transportation company’s stock valued at $2,456,000 after acquiring an additional 16,872 shares in the last quarter. Samalin Investment Counsel LLC increased its position in Textainer Group by 44.4% during the 4th quarter. Samalin Investment Counsel LLC now owns 34,246 shares of the transportation company’s stock valued at $1,223,000 after purchasing an additional 10,527 shares during the period. Finally, Sei Investments Co. bought a new position in Textainer Group in the 4th quarter worth $706,000. Institutional investors and hedge funds own 49.46% of the company’s stock.

About Textainer Group (Get Rating)

Textainer Group Holdings Limited, through its subsidiaries, purchases, owns, manages, leases, and disposes a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company's containers include standard and specialized dry freight, and refrigerated containers, as well as other special-purpose containers, which include tank, 45', pallet-wide, and other types of containers.

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