Notable Runner: Will Textainer Group Holdings Limited Short Squeeze Soon?

Notable Runner: Will Textainer Group Holdings Limited Short Squeeze Soon?

The stock of Textainer Group Holdings Limited (NYSE:TGH) hit a new 52-week low and has $6.15 target or 14.00% below today’s $7.15 share price. The 5 months bearish chart indicates high risk for the $398.90 million company. The 1-year low was reported on Oct, 18 by Barchart.com. If the $6.15 price target is reached, the company will be worth $55.85 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock last traded at $7.15 per share. It is down 39.30% since March 15, 2016 and is downtrending. It has underperformed by 44.79% the S&P500.

Analysts await Textainer Group Holdings Limited (NYSE:TGH) to report earnings on November, 1. They expect $0.10 earnings per share, down 67.74% or $0.21 from last year’s $0.31 per share. TGH’s profit will be $5.58M for 17.88 P/E if the $0.10 EPS becomes a reality. After $0.05 actual earnings per share reported by Textainer Group Holdings Limited for the previous quarter, Wall Street now forecasts 100.00% EPS growth.

Textainer Group Holdings Limited (NYSE:TGH) Ratings Coverage

Out of 6 analysts covering Textainer Group Holdings Limited (NYSE:TGH), 0 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 0 are positive. $20 is the highest target while $7 is the lowest. The $15.50 average target is 116.78% above today’s ($7.15) stock price. Textainer Group Holdings Limited has been the topic of 14 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Textainer Group Holdings Limited (NYSE:TGH) has “Sector Perform” rating given on Friday, February 12 by RBC Capital Markets. The stock of Textainer Group Holdings Limited (NYSE:TGH) earned “Market Perform” rating by Keefe Bruyette & Woods on Friday, January 15. Cowen & Co maintained the shares of TGH in a report on Wednesday, November 4 with “Market Perform” rating. The stock of Textainer Group Holdings Limited (NYSE:TGH) earned “Neutral” rating by Macquarie Research on Wednesday, November 4. As per Wednesday, August 5, the company rating was maintained by RBC Capital Markets. Cowen & Co maintained it with “Market Perform” rating and $9 target price in Friday, February 12 report. The rating was maintained by Cowen & Co on Tuesday, August 4 with “Market Perform”. Macquarie Research downgraded Textainer Group Holdings Limited (NYSE:TGH) on Wednesday, August 5 to “Underperform” rating. The stock of Textainer Group Holdings Limited (NYSE:TGH) has “Sector Perform” rating given on Wednesday, November 4 by RBC Capital Markets.

More notable recent Textainer Group Holdings Limited (NYSE:TGH) news were published by: Fool.com which released: “Here’s Why Textainer Group Holdings Limited’s Stock Sank Another 13% in September” on October 07, 2016, also Fool.com with their article: “How Risky Is Textainer Group Holdings Ltd.?” published on September 20, 2016, Fool.com published: “Textainer Group Holdings Limited’s Earnings Continue to Sink” on August 09, 2016. More interesting news about Textainer Group Holdings Limited (NYSE:TGH) were released by: Fool.com and their article: “This Is Why Textainer Group Holdings Limited’s Stock Crashed 22% in August” published on September 06, 2016 as well as Fool.com‘s news article titled: “How Safe Is Textainer Group Holdings Limited Stock?” with publication date: March 18, 2016.

Textainer Group Holdings Limited is a holding company. The company has a market cap of $398.90 million. The Firm is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. It has a 15.42 P/E ratio. The Firm operates in three divisions: Container Ownership, which owned containers accounting for approximately 80% of the Company’s fleet; Container Management, which managed containers on behalf of approximately 10 affiliated and unaffiliated container investors, providing acquisition, management and disposal services, and total managed containers accounted for approximately 20% of its fleet, 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.

TGH Company Profile

Textainer Group Holdings Limited (TGH), incorporated on December 2, 1993, is a holding company. The Firm is involved in the purchase, ownership, management, leasing and disposal of a fleet of intermodal containers. The Firm operates in three divisions: Container Ownership, which owned containers accounting for approximately 80% of the Company’s fleet; Container Management, which managed containers on behalf of approximately 10 affiliated and unaffiliated container investors, providing acquisition, management and disposal services, and total managed containers accounted for approximately 20% of its fleet, 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. The Firm is a lessor of intermodal containers based on fleet size, with a total fleet of approximately 2.1 million containers. The Firm leases containers to approximately 360 shipping lines and other lessees. The Firm is also a seller of used containers.

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