Headlines about Textainer Group (NYSE:TGH) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Textainer Group earned a news impact score of 0.22 on Accern’s scale. Accern also assigned news articles about the transportation company an impact score of 46.3470685091415 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- Ryder System (R) Beats on Q4 Earnings, Issues 2018 View – Nasdaq (nasdaq.com)
- Technical Indicators should not be overlooked on Textainer Group Holdings Limited (TGH) – Wall Street Morning (wallstreetmorning.com)
- Textainer Group Holdings Limited (TGH) Forecasted to Earn Q1 2018 Earnings of $0.37 Per Share (americanbankingnews.com)
- Container lessors post improved financial results (americanshipper.com)
TGH has been the topic of several analyst reports. SunTrust Banks reaffirmed a “buy” rating and issued a $25.00 target price on shares of Textainer Group in a research report on Friday, November 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $21.00 target price on shares of Textainer Group in a research report on Friday. Wells Fargo & Co raised their price target on Textainer Group from $19.00 to $22.00 and gave the company a “market perform” rating in a report on Tuesday, November 14th. Cowen raised their price target on Textainer Group from $21.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, November 10th. Finally, Zacks Investment Research raised Textainer Group from a “hold” rating to a “strong-buy” rating and set a $27.00 price target on the stock in a report on Saturday, January 20th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. Textainer Group presently has an average rating of “Buy” and a consensus price target of $24.20.
Textainer Group (NYSE:TGH) last issued its quarterly earnings results on Thursday, February 15th. The transportation company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.07. The company had revenue of $129.30 million for the quarter, compared to analyst estimates of $127.91 million. Textainer Group had a return on equity of 1.96% and a net margin of 3.95%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the company earned ($0.24) earnings per share. sell-side analysts predict that Textainer Group will post 1.3 EPS for the current fiscal year.
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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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