Textainer Group Holdings Limited (NYSE:TGH) does about 261.42K shares in volume on a normal day but saw 262347 shares change hands in Friday trading. The company now has a market cap of 1.48B USD. Its current market price is $32.93, marking an increase of 0.30% compared to the previous close of $32.83. The 52 week high reached by this stock is $40.35 whilst the lowest price level in 52 weeks is $25.47. The script in recent trading has seen the stock touch a high of $32.99 and a low of $32.305.
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Textainer Group Holdings Limited (TGH) has a 20-day trading average at $33.56 and the current price is -18.39% off the 52-week high compared with 29.29% distance from its 52-week low. The 50-day simple moving average of the closing price is $32.26 and its 200-day simple moving average is $30.69. If we look at the stock’s price movements over the week, volatility stands at 3.52%, which decreases to 2.32% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 49.49 to suggest the stock is neutral.
3 analysts observing the Textainer Group Holdings Limited (TGH) stock have set the 12-month price targets for the company’s shares at between $41.00 and $55.00. The consensus objective for the share price is $48.00, suggesting that the stock has a potential upside of 31.4% over the period. The median price target is 25.6% away from the current levels at $44.26.
FactSet Research has provided data showing that 3 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 3 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on June 09, 2021 when B. Riley Securities resumed the stock to “Buy” and issued a price target of $42. Keefe Bruyette upgraded its price target at $18.
The current price level is -1.96%, 2.29%, and 7.24% away from its SMA20, SMA50, and SMA200 respectively, with the TGH price moving above the 50-day SMA on February 17. Textainer Group Holdings Limited (TGH) stock is down -1.23% over the week and 0.27% over the past month. Its price is 6.19% year-to-date and -16.42% over the past year.
The company’s next earnings report is expected on 05/09/2023, with forecasts estimating quarterly EPS at $0 and $103.4 for whole year.
Its 12-month price target is $44.26. To reach the target analysts have set, the stock logically needs to grow 31.4 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $41.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $55.00.
Outstanding shares total 45.90M with insiders holding 7.80% of the shares and institutional holders owning 68.23% of the company’s common stock. The company has a return on investment of 6.30% and return on equity of 18.90%. The price to earnings ratio (P/E ratio) amounts to 5.32 while the forward price to earnings ratio is 6.20. The beta has a value of 1.20. Price to book ratio is 0.89 and price to sales ratio is 1.61.
According to a U.S. Securities and Exchange Commission filing, DFA US Small Cap Value Portfolio has reduced its position in Textainer Group Holdings Limited (TGH) to 1,056,058 shares, mirroring a recent drop by -9.74%. DFA US Small Cap Value Portfolio dumped -0.11 million shares of Textainer Group Holdings Limited common stock bringing its total worth to about $35.8 million at the end of recent close, SEC documents show. DFA US Small Cap Value Portfolio isn’t the only investment manager who changed stakes and is followed by iShares Russell 2000 ETF, which sold off 2822.0 shares to end up with 971,571 shares worth $32.94 million. Vanguard Selected Value Fund raise their holdings by 214.25% in the company over the course of the most recent quarter. It now holds a 1.66% position in Textainer Group Holdings Limited thanks to 0.75 million shares amounting to $25.3 million.
