News articles about Textainer Group (NYSE:TGH) have trended somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Textainer Group earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media coverage about the transportation company an impact score of 46.2544248734575 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the news headlines that may have effected Accern Sentiment’s analysis:
TGH has been the subject of a number of recent research reports. Cowen boosted their price target on shares of Textainer Group from $21.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Zacks Investment Research raised shares of Textainer Group from a “hold” rating to a “strong-buy” rating and set a $27.00 price target for the company in a research note on Thursday, November 16th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $22.00 price target on shares of Textainer Group in a research note on Sunday, November 19th. Wells Fargo & Co upped their target price on shares of Textainer Group from $19.00 to $22.00 and gave the company a “market perform” rating in a research note on Tuesday, November 14th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $25.00 target price on shares of Textainer Group in a research note on Friday, November 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. The stock presently has a consensus rating of “Buy” and a consensus target price of $24.20.
Shares of Textainer Group (NYSE:TGH) remained flat at $$17.35 during trading hours on Wednesday. 12,857 shares of the company were exchanged, compared to its average volume of 362,813. Textainer Group has a 52-week low of $9.60 and a 52-week high of $26.50. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market cap of $944.96, a P/E ratio of 51.18 and a beta of 2.55.
Textainer Group (NYSE:TGH) last issued its earnings results on Thursday, February 15th. The transportation company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.07. Textainer Group had a net margin of 3.95% and a return on equity of 1.95%. The firm had revenue of $129.30 million during the quarter, compared to the consensus estimate of $127.91 million. During the same quarter in the prior year, the firm earned ($0.24) earnings per share. The business’s quarterly revenue was up 7.6% on a year-over-year basis. equities research analysts predict that Textainer Group will post 1.4 earnings per share for the current year.
About Textainer Group
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.