Textainer Group Holdings (NYSE:TGH) had its target price reduced by Credit Suisse from $45.00 to $39.00 in a research note released on Thursday morning, AR Network reports.
Shares of Textainer Group Holdings (NYSE:TGH) opened at 34.93 on Thursday. Textainer Group Holdings has a one year low of $27.12 and a one year high of $43.96. The stock’s 50-day moving average is currently $35.79. The company has a market cap of $1.967 billion and a P/E ratio of 9.30.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, August 27th. Shareholders of record on Friday, August 16th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 5.38%. The ex-dividend date is Wednesday, August 14th.
TGH has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Textainer Group Holdings from a neutral rating to an underperform rating in a research note to investors on Thursday. They now have a $32.80 price target on the stock. Separately, analysts at Nomura reiterated a neutral rating on shares of Textainer Group Holdings in a research note to investors on Thursday. They now have a $40.00 price target on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Textainer Group Holdings from $43.00 to $34.00 in a research note to investors on Wednesday, August 7th. They now have a hold rating on the stock.
One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. Textainer Group Holdings has an average rating of Hold and an average target price of $39.60.
Textainer Group Holdings Limited (NYSE:TGH) is a holding company engaged in the purchase, management, leasing and resale of a fleet of marine cargo containers.
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