Price Action to Note: Textainer Group Holdings Limited Can’t Be More Safe. Trades Significantly Higher

Price Action to Note: Textainer Group Holdings Limited Can't Be More Safe. Trades Significantly Higher

The stock of Textainer Group Holdings Limited (NYSE:TGH) is a huge mover today! About 276,534 shares traded hands. Textainer Group Holdings Limited (NYSE:TGH) has declined 37.82% since April 20, 2016 and is downtrending. It has underperformed by 42.38% the S&P500.
The move comes after 9 months positive chart setup for the $583.30 million company. It was reported on Nov, 22 by Barchart.com. We have $10.61 PT which if reached, will make NYSE:TGH worth $23.33 million more.

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. Textainer Group Holdings Limited has been the topic of 15 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The firm earned “Underperform” rating on Wednesday, August 5 by Macquarie Research. The rating was maintained by Cowen & Co with “Market Perform” on Tuesday, August 4. Cowen & Co maintained Textainer Group Holdings Limited (NYSE:TGH) rating on Friday, February 12. Cowen & Co has “Market Perform” rating and $9 price target. The firm has “Market Perform” rating given on Wednesday, November 4 by Cowen & Co. Keefe Bruyette & Woods initiated the shares of TGH in a report on Friday, January 15 with “Market Perform” rating. RBC Capital Markets maintained Textainer Group Holdings Limited (NYSE:TGH) rating on Wednesday, August 5. RBC Capital Markets has “Sector Perform” rating and $19 price target. The stock of Textainer Group Holdings Limited (NYSE:TGH) has “Sector Perform” rating given on Friday, February 12 by RBC Capital Markets. The rating was upgraded by Macquarie Research to “Neutral” on Wednesday, November 4. The firm has “Market Perform” rating given on Wednesday, November 9 by Cowen & Co. RBC Capital Markets maintained Textainer Group Holdings Limited (NYSE:TGH) rating on Wednesday, November 4. RBC Capital Markets has “Sector Perform” rating and $16 price target.

According to Zacks Investment Research, “TEXTAINER GROUP is the worlds largest lessor of intermodal containers with a total fleet of more than 1.3 million containers, representing over 2,000,000 TEU. They lease containers to more than 400 shipping lines and other lessees, including each of the world’s top 20 container lines. Yhey are also the primary supplier of leased containers to the U.S. Military. Their goal is to be the most reliable lessor of containers in locations where their customers need them. They have provided an average of more than 100,000 TEU of new containers per year for the past 10 years, and have been one of the largest purchasers of new containers among container lessors over the same period. They are also one of the largest sellers of used containers , having sold an average of more than 53,000 containers per year for the last five years.”

More notable recent Textainer Group Holdings Limited (NYSE:TGH) news were published by: Fool.com which released: “Key Customer Bankruptcy Sinks Textainer Group Holdings Limited’s Q3 Results” on November 08, 2016, also Fool.com with their article: “How Risky Is Textainer Group Holdings Ltd.?” published on September 20, 2016, Fool.com published: “Better Buy: Textainer Group Holdings Limited vs. Frontline Ltd.” on July 22, 2016. More interesting news about Textainer Group Holdings Limited (NYSE:TGH) were released by: Fool.com and their article: “Here’s Why Textainer Group Holdings Limited’s Stock Sank Another 13% in September” published on October 07, 2016 as well as Fool.com‘s news article titled: “This Is Why Textainer Group Holdings Limited’s Stock Crashed 22% in August” with publication date: September 06, 2016.

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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