StockNews.com Begins Coverage on Textainer Group (NYSE:TGH)

Stock analysts at StockNews.com began coverage on shares of Textainer Group (NYSE:TGHGet Free Report) in a research report issued to clients and investors on Tuesday. The brokerage set a “hold” rating on the transportation company’s stock.

Separately, B. Riley cut Textainer Group from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $55.00 to $50.00 in a research report on Monday, October 23rd.

Get Our Latest Research Report on TGH

Textainer Group Stock Up 0.0 %

Shares of NYSE:TGH opened at $49.72 on Tuesday. Textainer Group has a 1 year low of $30.22 and a 1 year high of $49.78. The company has a market cap of $2.11 billion, a PE ratio of 10.21 and a beta of 1.00. The company has a debt-to-equity ratio of 2.78, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s 50-day moving average is $49.42 and its 200 day moving average is $44.85.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TGH. Allspring Global Investments Holdings LLC purchased a new stake in shares of Textainer Group in the third quarter valued at approximately $33,000. NBC Securities Inc. purchased a new stake in shares of Textainer Group in the third quarter valued at approximately $42,000. Adirondack Trust Co. purchased a new stake in shares of Textainer Group in the third quarter valued at approximately $48,000. Point72 Hong Kong Ltd purchased a new stake in shares of Textainer Group in the first quarter valued at approximately $53,000. Finally, Longfellow Investment Management Co. LLC bought a new position in Textainer Group in the fourth quarter worth approximately $69,000. Institutional investors own 44.28% of the company’s stock.

About Textainer Group

(Get Free Report)

Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company's containers include standard and specialized dry freight, and refrigerated containers, as well as other special-purpose containers, which include tank, 45', pallet-wide, and other types of containers.

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