Textainer Group Holdings Limited (TGH) Outlook Starting To Look Brighter?

After grabbing 4.99 million shares, the institutional investor is now in possession of 4.99 million shares of the Industrials Company. The new investment brought the stake of investor firm to 10.70% having worth around $154.71 million. Moreover, Dimensional Fund Advisors LP increased its share by 0.12 million to have a control over 3.44 million shares. And Donald Smith & Co., Inc. raised its holdings to 5512.0 shares by acquiring 2.3 million shares or 4.94% of the stake.

Textainer Group Holdings Limited (TGH) concluded trading on 01/18/23 at a closing price of $33.25, with 0.25 million shares of worth about $8.45 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.39% during that period and on Wednesday the price saw a loss of about -0.33%. Currently the company’s common shares owned by public are about 45.90M shares, out of which, 41.44M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 3 analysts are covering the TGH stock and their offered price forecasts bring an average price target of $46.61. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $55.00 and could fall to a lowest price of $41.00. The stock’s current price level is 30.73% above of average price target set by the analysts, while a rise to estimated low would result in gain of 18.9% for the stock. However, touching the estimated high of $55.00 would mean a gain of 39.55% for the stock.

DFA US Small Cap Value Portfolio, iShares Russell 2000 ETF, and MFS New Discovery Value Fund are the top 3 mutual funds which are holding stakes in Textainer Group Holdings Limited DFA US Small Cap Value Portfolio is currently holding 1.06 million shares of worth totaling $32.75 million. The company recently came selling -0.11 million shares which brought its stake up to 2.26% of the company’s outstanding shares. iShares Russell 2000 ETF sold 10126.0 shares, after which its hold over company’s outstanding shares shrunk to 2.08%, leaving 0.97 million shares with the mutual fund that have a worth of about $30.09 million. MFS New Discovery Value Fund, after selling 0.8 million shares, have now control over 1.71% of the stake in the company. It holds 9559.0 shares of worth $24.66 million.

Textainer Group Holdings Limited (NYSE: TGH) started trading at $33.48, above $0.12 from concluding price of the previous day. However, the stock later moved at a day high price of 33.93, or with a loss of -0.33%. Stock saw a price change of 3.07% in past 5 days and over the past one month there was a price change of 10.32%. Year-to-date (YTD), TGH shares are showing a performance of 7.22% which decreased to -17.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.47 but also hit the highest price of $41.89 during that period. The average intraday trading volume for Textainer Group Holdings Limited shares is 270.57K. The stock is currently trading 5.52% above its 20-day simple moving average (SMA20), while that difference is up 8.23% for SMA50 and it goes to 7.71% higher than SMA200.

M&G Investment Managers acquired 4.99 million shares of Textainer Group Holdings Limited having value of about $154.71 million. Textainer Group Holdings Limited (NYSE: TGH) currently have 45.90M outstanding shares and institutions hold larger chunk of about 72.70% of that. Holding of mutual funds in the company is about 25.79% while other institutional holders and individual stake holders have control over 35.55% and — of the stake respectively.

The stock has a current market capitalization of $1.50B and its 3Y-monthly beta is at 1.28. PE ratio of stock for trailing 12 months is 5.37, while it has posted earnings per share of $6.19 in the same period. It has Quick Ratio of 1.20 while making debt-to-equity ratio of 3.37. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TGH, volatility over the week remained 1.58% while standing at 2.06% over the month.

Analysts are in expectations that Textainer Group Holdings Limited (TGH) stock would likely to be making an EPS of $1.51 in the current quarter, while forecast for next quarter EPS is $1.44 and it is $5.77 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.5 which is $1.53 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.52 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 297.10% while it is estimated to decrease by -13.87% in next year.

Analysts at 3 brokerage firms have issued recommendations for the Textainer Group Holdings Limited (TGH)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.00. Out of those 3 Wall Street analysts, 3 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by B. Riley Securities on June 09, 2021 offering a Buy rating for the stock and assigned a target price of $42 to it. Coverage by B. Riley Securities stated Textainer Group Holdings Limited (TGH) stock as a Buy in their note to investors on December 09, 2020, suggesting a price target of $31 for the stock. Stock get a Mkt perform rating from Keefe Bruyette on November 01, 2019.