Textainer Group Holdings Limited (TGH) Increases Again; Strong Momentum for Buyers

September 17, 2017 - By Clifton Ray

The stock of Textainer Group Holdings Limited (NYSE:TGH) is a huge mover today! The stock increased 3.62% or $0.55 on September 15, reaching $15.75. About 1.23 million shares traded or 241.15% up from the average. Textainer Group Holdings Limited (NYSE:TGH) has declined 15.78% since September 17, 2016 and is downtrending. It has underperformed by 32.48% the S&P500.
The move comes after 6 months positive chart setup for the $894.82M company. It was reported on Sep, 17 by Barchart.com. We have $17.17 PT which if reached, will make NYSE:TGH worth $80.53 million more.

Analysts expect Textainer Group Holdings Limited (NYSE:TGH) to report $0.13 EPS on November, 14.They anticipate $1.05 EPS change or 114.13 % from last quarter’s $-0.92 EPS. TGH’s profit would be $7.39 million giving it 30.29 P/E if the $0.13 EPS is correct. After having $-0.02 EPS previously, Textainer Group Holdings Limited’s analysts see -750.00 % EPS growth.

Textainer Group Holdings Limited (NYSE:TGH) Ratings Coverage

Among 6 analysts covering Textainer Group Holdings Limited (NYSE:TGH), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Textainer Group Holdings Limited had 19 analyst reports since August 5, 2015 according to SRatingsIntel. On Tuesday, August 8 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The firm has “Market Perform” rating given on Friday, January 15 by Keefe Bruyette & Woods. The firm has “Underperform” rating given on Wednesday, August 5 by Macquarie Research. The rating was maintained by RBC Capital Markets on Wednesday, August 5 with “Sector Perform”. The rating was maintained by Cowen & Co with “Market Perform” on Wednesday, November 9. Cowen & Co maintained Textainer Group Holdings Limited (NYSE:TGH) on Tuesday, August 4 with “Market Perform” rating. The firm has “Market Perform” rating by Cowen & Co given on Friday, February 12. As per Friday, February 12, the company rating was maintained by RBC Capital Markets. The stock of Textainer Group Holdings Limited (NYSE:TGH) earned “Buy” rating by Cowen & Co on Monday, August 14. The firm has “Neutral” rating given on Wednesday, November 4 by Macquarie Research.

More notable recent Textainer Group Holdings Limited (NYSE:TGH) news were published by: Fool.com which released: “Why I (Still) Love Textainer Group Holdings Limited” on September 11, 2017, also Fool.com with their article: “How Risky Is Textainer Group Holdings Ltd.?” published on September 20, 2016, Fool.com published: “Here’s Why Textainer Group Holdings Limited Rebounded Nearly 70% in January” on February 09, 2017. More interesting news about Textainer Group Holdings Limited (NYSE:TGH) were released by: Fool.com and their article: “Textainer Group Holdings results: The raw numbers” published on August 08, 2017 as well as Seekingalpha.com‘s news article titled: “Textainer Group Holdings: Has This Ship Sailed?” with publication date: February 17, 2017.

Textainer Group Holdings Limited is a holding company. The company has market cap of $894.82 million. The Firm is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. It currently has negative earnings. The Firm operates in three divisions: 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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