Textainer Group (NYSE:TGH) Cut to “Strong Sell” at ValuEngine

Textainer Group (NYSE:TGH) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Monday, February 4th.

Several other brokerages also recently issued reports on TGH. Zacks Investment Research downgraded shares of Textainer Group from a “buy” rating to a “hold” rating in a research note on Saturday, January 19th. Cowen reaffirmed an “outperform” rating and set a $20.00 price target (down previously from $22.00) on shares of Textainer Group in a research report on Monday, November 5th. Finally, TheStreet lowered shares of Textainer Group from a “c” rating to a “d+” rating in a research report on Friday, November 2nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company’s stock. Textainer Group currently has an average rating of “Hold” and an average target price of $15.75.

TGH stock traded up $0.17 during trading on Monday, reaching $11.08. 183,179 shares of the company were exchanged, compared to its average volume of 124,077. The company has a market cap of $726.27 million, a P/E ratio of 27.02 and a beta of 2.48. Textainer Group has a 52-week low of $9.10 and a 52-week high of $19.65. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 2.39.

Textainer Group (NYSE:TGH) last released its quarterly earnings data on Thursday, February 21st. The transportation company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.14). The company had revenue of $157.12 million for the quarter, compared to analysts’ expectations of $146.41 million. Textainer Group had a return on equity of 5.79% and a net margin of 10.01%. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.26 EPS. On average, equities research analysts expect that Textainer Group will post 1.04 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Textainer Group by 11.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,416,208 shares of the transportation company’s stock worth $14,105,000 after acquiring an additional 145,244 shares in the last quarter. FMR LLC boosted its stake in shares of Textainer Group by 0.4% in the fourth quarter. FMR LLC now owns 799,257 shares of the transportation company’s stock valued at $7,961,000 after purchasing an additional 2,841 shares during the period. Bank of America Corp DE boosted its stake in shares of Textainer Group by 82.0% in the fourth quarter. Bank of America Corp DE now owns 21,773 shares of the transportation company’s stock valued at $217,000 after purchasing an additional 9,807 shares during the period. Geode Capital Management LLC boosted its stake in shares of Textainer Group by 19.8% in the fourth quarter. Geode Capital Management LLC now owns 96,960 shares of the transportation company’s stock valued at $965,000 after purchasing an additional 16,050 shares during the period. Finally, Camelot Portfolios LLC purchased a new position in shares of Textainer Group in the fourth quarter valued at $239,000. 25.38% of the stock is owned by institutional investors.

Textainer Group Company Profile

Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company owns and leases standard dry freight containers, refrigerated, and other special-purpose containers.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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