Textainer Group (NYSE:TGH) Upgraded to Buy at StockNews.com

Textainer Group (NYSE:TGHGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Separately, TheStreet lowered Textainer Group from a “b” rating to a “c+” rating in a research note on Tuesday, April 5th.

Shares of NYSE:TGH traded down $1.23 during trading on Monday, hitting $27.06. 33,310 shares of the stock were exchanged, compared to its average volume of 464,673. Textainer Group has a 1-year low of $26.97 and a 1-year high of $41.89. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 4.79 and a beta of 1.24. The company’s fifty day simple moving average is $32.48 and its 200-day simple moving average is $35.43. The company has a debt-to-equity ratio of 3.36, a quick ratio of 0.95 and a current ratio of 0.95.

Textainer Group (NYSE:TGHGet Rating) last announced its quarterly earnings results on Thursday, May 5th. The transportation company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.34 by $0.14. The business had revenue of $198.72 million for the quarter, compared to analyst estimates of $200.21 million. Textainer Group had a return on equity of 21.06% and a net margin of 37.80%. On average, research analysts forecast that Textainer Group will post 6.19 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Fortitude Advisory Group L.L.C. bought a new position in Textainer Group in the 1st quarter valued at $25,000. CWM LLC bought a new position in Textainer Group in the 4th quarter valued at $35,000. Point72 Hong Kong Ltd bought a new position in Textainer Group in the 1st quarter valued at $53,000. Dorsey Wright & Associates raised its position in shares of Textainer Group by 15.6% during the fourth quarter. Dorsey Wright & Associates now owns 2,308 shares of the transportation company’s stock worth $82,000 after acquiring an additional 312 shares during the last quarter. Finally, Lazard Asset Management LLC raised its position in shares of Textainer Group by 28.7% during the fourth quarter. Lazard Asset Management LLC now owns 2,762 shares of the transportation company’s stock worth $98,000 after acquiring an additional 616 shares during the last quarter. Hedge funds and other institutional investors own 60.10% 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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