News stories about Textainer Group (NYSE:TGH) have trended somewhat positive recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Textainer Group earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 45.742653997566 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of research firms recently commented on TGH. Zacks Investment Research lowered shares of Textainer Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $16.00 price objective on shares of Textainer Group in a research note on Thursday, August 10th. Cowen raised their price objective on shares of Textainer Group from $21.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. Wells Fargo & Company raised their price objective on shares of Textainer Group from $18.00 to $19.00 and gave the company a “market perform” rating in a research note on Friday, October 20th. Finally, SunTrust Banks reiterated a “buy” rating and set a $19.00 price objective (up previously from $16.00) on shares of Textainer Group in a research note on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Textainer Group presently has an average rating of “Buy” and a consensus target price of $24.40.
Textainer Group (TGH) opened at $21.60 on Thursday. The company has a debt-to-equity ratio of 2.19, a current ratio of 0.85 and a quick ratio of 0.85. Textainer Group has a 12-month low of $7.40 and a 12-month high of $24.10.
Textainer Group (NYSE:TGH) last posted its quarterly earnings results on Thursday, November 9th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.19. The firm had revenue of $125.60 million for the quarter, compared to analyst estimates of $122.87 million. Textainer Group had a net margin of 0.38% and a negative return on equity of 0.44%. The firm’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.92) earnings per share. equities analysts forecast that Textainer Group will post 0.33 EPS for the current year.
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Textainer Group 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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