Textainer Group Holdings Limited (TGH) is Reiterated by Cowen to Market Perform, Lowers Price Target to $ 13

Textainer Group Holdings Limited (TGH) was Reiterated by Cowen to “Market Perform” while Lowering the Price Target of the company shares to $ 13 from a previous price target of $15 . Cowen advised their investors in a research report released on Aug 9, 2016.

On the company’s financial health, Textainer Group Holdings Limited reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Aug 9, 2016. Analyst had a consensus of $0.14. The company had revenue of $127.40 million for the quarter, compared to analysts expectations of $125.42 million. The company’s revenue was down -7.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.66 EPS.

Textainer Group Holdings Limited opened for trading at $11.5 and hit $11.56 on the upside on Monday, eventually ending the session at $11.38, with a gain of 0.09% or 0.01 points. The heightened volatility saw the trading volume jump to 1,89,607 shares. Company has a market cap of $644 M.

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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