Textainer Group (NYSE:TGH) Upgraded by Zacks Investment Research to Hold

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Textainer Group stock has undergone multiple analysts rating changes in the recent past.  Textainer Group Upgraded by Zacks Investment Research on 10/27/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Sell.

Shares of Textainer Group traded up $0.03 on Tuesday, reaching $38.88. 80518 shares of the stock traded hands, compared to its average volume of 493377. Shares of Textainer Group were trading at $38.88 on Tuesday. The firm’s 50 day moving average is $34.56 and its 200 day moving average is $29.57.Textainer Group has a 12 month low of $38.37 and a 12 month high of $39.99. While on yearly highs and lows, Textainer Group’s today has traded high as $39.07 and has touched $38.37 on the downward trend. See More Analyst Rating at: RATING

Textainer Group Earnings and What to expect: 

Textainer Group last announced its quarterly earnings results on August 5th, 2021. The transportation company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.29. The firm earned $187.43 million during the quarter, compared to analysts’ expectations of $193.96 million. Textainer Group has generated $1.63 earnings per share over the last year ($3.86 diluted earnings per share) and currently has a price-to-earnings ratio of 10.1. Earnings for Textainer Group are expected to decrease by -0.20% in the coming year, from $4.98 to $4.97 per share. Textainer Group has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 11th, 2021 based off prior year’s report dates.

Earnings for Textainer Group are expected to decrease by -0.20% in the coming year, from $4.98 to $4.97 per share. The P/E ratio of Textainer Group is 10.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.30. The P/E ratio of Textainer Group is 10.06, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 43.89. Textainer Group has a P/B Ratio of 1.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Textainer Group (NYSE:TGH) Moving Average Technical Analysis

5 day Moving Average is $38.06 And 5 day price change is $1.92 (5.20%)  with average volume for 5 day average is 619,360. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $36.69 and 20 day price change is $3.29 (9.25%) and average 20 day moving volume is 518,240. 50 day moving average is $34.56  and 50 day price change is $4.63 ( 13.53%)  and with average volume for 50 days is : 441,976. 200 day moving average is $29.57  and 200 day price change is $18.93 (95.03%)  and with average volume for 200 days is : 533,705.

Other owners latest trading in Textainer Group :

  • On 10/25/2021 shares held by Cornerstone Investment Partners LLC were 10,273 which equates to market value of $0.36M and appx 0.00% owners of Textainer Group
  • On 10/22/2021 shares held by Strs Ohio were 11,000 which equates to market value of $0.38M and appx 0.00% owners of Textainer Group
  • On 10/21/2021 shares held by Hillsdale Investment Management Inc. were 193,068 which equates to market value of $6.74M and appx 0.50% owners of Textainer Group
  • In total Institutional ownership equates to Institutional Ownership Percentage: 41.62% for Textainer Group

See More Analyst Rating at: RATING