The stock of Textainer Group Holdings Limited (NYSE:TGH) is a huge mover today! The stock decreased 2.22% or $0.17 during the last trading session, hitting $7.49. About 426,904 shares traded hands or 57.39% up from the average. Textainer Group Holdings Limited (NYSE:TGH) has declined 37.69% since February 29, 2016 and is downtrending. It has underperformed by 48.11% the S&P500.
The move comes after 8 months negative chart setup for the $423.72 million company. It was reported on Oct, 1 by Barchart.com. We have $6.44 PT which if reached, will make NYSE:TGH worth $59.32M less.
Analysts await Textainer Group Holdings Limited (NYSE:TGH) to report earnings on November, 1. They expect $0.10 EPS, down 67.74% or $0.21 from last year’s $0.31 per share. TGH’s profit will be $5.66 million for 18.73 P/E if the $0.10 EPS becomes a reality. After $0.05 actual EPS reported by Textainer Group Holdings Limited for the previous quarter, Wall Street now forecasts 100.00% EPS growth.
Textainer Group Holdings Limited (NYSE:TGH) Ratings Coverage
Out of 6 analysts covering Textainer Group Holdings Limited (NYSE:TGH), 0 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 0 are positive. Textainer Group Holdings Limited has been the topic of 14 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was upgraded by Macquarie Research on Wednesday, November 4 to “Neutral”. The rating was maintained by Cowen & Co with “Market Perform” on Friday, February 12. On Wednesday, November 4 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm earned “Market Perform” rating on Tuesday, August 4 by Cowen & Co. Cowen & Co maintained the shares of TGH in a report on Wednesday, November 4 with “Market Perform” rating. Keefe Bruyette & Woods initiated the stock with “Market Perform” rating in Friday, January 15 report. As per Wednesday, August 5, the company rating was downgraded by Macquarie Research. The rating was maintained by RBC Capital Markets with “Sector Perform” on Wednesday, August 5. RBC Capital Markets maintained it with “Sector Perform” rating and $7 target price in Friday, February 12 report.
According to Zacks Investment Research, “TEXTAINER GROUP is the worlds largest lessor of intermodal containers with a total fleet of more than 1.3 million containers, representing over 2,000,000 TEU. They lease containers to more than 400 shipping lines and other lessees, including each of the world’s top 20 container lines. Yhey are also the primary supplier of leased containers to the U.S. Military. Their goal is to be the most reliable lessor of containers in locations where their customers need them. They have provided an average of more than 100,000 TEU of new containers per year for the past 10 years, and have been one of the largest purchasers of new containers among container lessors over the same period. They are also one of the largest sellers of used containers , having sold an average of more than 53,000 containers per year for the last five years.”
More notable recent Textainer Group Holdings Limited (NYSE:TGH) news were published by: Fool.com which released: “How Risky Is Textainer Group Holdings Ltd.?” on September 20, 2016, also Fool.com with their article: “This Is Why Textainer Group Holdings Limited’s Stock Crashed 22% in August” published on September 06, 2016, Fool.com published: “Textainer Group Holdings Limited’s Earnings Continue to Sink” on August 09, 2016. More interesting news about Textainer Group Holdings Limited (NYSE:TGH) were released by: Fool.com and their article: “Better Buy: Textainer Group Holdings Limited vs. Frontline Ltd.” published on July 22, 2016 as well as Fool.com‘s news article titled: “3 Things Textainer Group Holdings Limited’s CEO Wants You to Know” with publication date: August 16, 2016.
TGH Company Profile
Textainer Group Holdings Limited (TGH), incorporated on December 2, 1993, is a holding company. The Firm is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Firm operates in three divisions: Container Ownership, which owned containers accounting for approximately 80% of the Company’s fleet; Container Management, which managed containers on behalf of approximately 10 affiliated and unaffiliated container investors, providing acquisition, management and disposal services, and total managed containers accounted for approximately 20% of its fleet, 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. The Firm is a lessor of intermodal containers based on fleet size, with a total fleet of approximately 2.1 million containers. The Firm leases containers to approximately 360 shipping lines and other lessees. The Firm is also a seller of used containers.
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