News stories about Textainer Group (NYSE:TGH) have trended somewhat positive on Tuesday, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Textainer Group earned a daily sentiment score of 0.21 on Accern’s scale. Accern also assigned media coverage about the transportation company an impact score of 45.2111549522483 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Average True Range Indicator can help out on Textainer Group Holdings Limited (TGH) – Wall Street Morning (wallstreetmorning.com)
- Rolls Sells 16899 Shares of ON Semiconductor Corp (NASDAQ:ON) Stock – Newburgh Gazette (newburghgazette.com)
- These 5 transport stocks are winning plays on an upbeat economy (finance.yahoo.com)
- These 3 Shipping Stocks Rebounded More Than 100% Last Year (And Their Run Might Not Be Over) – Hellenic Shipping News Worldwide (hellenicshippingnews.com)
- These 3 Shipping Stocks Rebounded More Than 100% Last Year (And Their Run Might Not Be Over) – Madison.com (host.madison.com)
A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $22.00 price target on shares of Textainer Group in a report on Sunday, November 19th. Zacks Investment Research upgraded 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 report on Thursday, November 16th. Wells Fargo & Co upped their price target on shares of Textainer Group from $19.00 to $22.00 and gave the company a “market perform” rating in a report on Tuesday, November 14th. SunTrust Banks restated a “buy” rating and issued a $25.00 price objective on shares of Textainer Group in a report on Friday, November 10th. Finally, Cowen upped their price objective on shares of Textainer Group from $21.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 10th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.40.
Textainer Group (NYSE:TGH) last issued its quarterly earnings results on Thursday, November 9th. The transportation company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.19. The company had revenue of $125.60 million during the quarter, compared to analyst estimates of $122.87 million. Textainer Group had a net margin of 0.38% and a negative return on equity of 0.44%. Textainer Group’s quarterly revenue was up 4.3% compared to the same quarter last year. During the same period last year, the business earned ($0.92) EPS. analysts anticipate that Textainer Group will post 0.33 earnings per share for the current year.
Textainer Group Company Profile
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.
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