Textainer Group Holdings Limited (TGH) is Reiterated by Cowen to Market Perform, Raises Price Target to $ 15

Textainer Group Holdings Limited (TGH) was Reiterated by Cowen to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 15 from a previous price target of $9 . Cowen advised their investors in a research report released on May 5, 2016.

Many Wall Street Analysts have commented on Textainer Group Holdings Limited. Shares were Reiterated by Cowen on Feb 12, 2016 to “Market Perform” and Lowered the Price Target to $ 9 from a previous price target of $12 .Shares were Reiterated by RBC Capital Mkts on Feb 12, 2016 to “Sector Perform” and Lowered the Price Target to $ 7 from a previous price target of $15 .

On the company’s financial health, Textainer Group Holdings Limited reported $0.11 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on May 4, 2016. Analyst had a consensus of $0.20. The company had revenue of $128.90 million for the quarter, compared to analysts expectations of $125.81 million. The company’s revenue was down -7.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.71 EPS.

Textainer Group Holdings Limited closed down -0.1 points or -0.70% at $14.2 with 4,97,217 shares getting traded on Wednesday. Post opening the session at $14.3, the shares hit an intraday low of $14.04 and an intraday high of $15.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Textainer Group Holdings Limited (TGH) is a holding company. The Company is involved in the purchase ownership management leasing and disposal of a fleet of intermodal containers. The Company is a lessor of intermodal containers based on fleet size with a total fleet of more than 2.1 million containers. The Company leases containers to approximately 400 shipping lines and other lessees. It is a seller of used containers. The Company provides its services across the world through an international network of 14 regional and area offices and 485 independent depots. The Company operates in three segments: Container Ownership Container Management which provides acquisition management and disposal services and Container Resale which includes selling containers from its fleet and also purchases and leases or resells containers from shipping line customers container traders and other sellers of containers.

Textainer Group Holdings Limited

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