In last trading session, Textainer Group Holdings Limited (NYSE:TGH) saw 0.54 million shares changing hands with its beta currently measuring 1.26. Company’s recent per share price level of $40.38 trading at $1.44 or 3.70% at ring of the bell on the day assigns it a market valuation of $2.02B. That closing price of TGH’s stock is at a discount of -2.13% from its 52-week high price of $41.24 and is indicating a premium of 56.91% from its 52-week low price of $17.40. Taking a look at company’s average trading volume of 413.99K if we extend that period to 3-months.
For Textainer Group Holdings Limited (TGH), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $1.41 in the current quarter.
Textainer Group Holdings Limited (NYSE:TGH) trade information
Upright in the green during last session for gaining 3.70%, in the last five days TGH remained trading in the green while hitting it’s week-highest on Friday, 01/14/22 when the stock touched $40.38 price level, adding 0.47% to its value on the day. Textainer Group Holdings Limited’s shares saw a change of 13.08% in year-to-date performance and have moved 8.49% in past 5-day. Textainer Group Holdings Limited (NYSE:TGH) showed a performance of 19.75% in past 30-days.
Wall Street analysts have assigned a consensus price target of $50.00 to the stock, which implies a rise of 19.24% to its current value. Analysts have been projecting $50.00 as a low price target for the stock while placing it at a high target of $50.00. It follows that stock’s current price would drop -23.82% in reaching the projected high whereas dropping to the targeted low would mean a loss of -23.82% for stock’s current value.
Textainer Group Holdings Limited (TGH) estimates and forecasts
Statistics highlight that Textainer Group Holdings Limited is scoring comparatively higher than the scores of other players of the relevant industry. The company added 40.26% of value to its shares in past 6 months, showing an annual growth rate of 231.29% while that of industry is 23.20. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 74.10% in the current quarter and calculating 22.40% increase in the next quarter. This year revenue growth is estimated to rise 25.60% from the last financial year’s standing.
2 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $200.78 million for the same. And 1 analysts are in estimates of company making revenue of $203.9 million in the next quarter that will end on Mar 2022. Company posted $161.49 million and $182.88 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 24.30% while estimating it to be 11.50% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -6.40% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 37.90% while estimates for its earnings growth in next 5 years are of 12.00%.
Textainer Group Holdings Limited is more likely to be releasing its next quarterly report between February 15 and February 21 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Textainer Group Holdings Limited (NYSE:TGH)’s Major holders
Insiders are in possession of 10.51% of company’s total shares while institution are holding 57.80 percent of that, with stock having share float percentage of 64.59%. Investors also watch the number of corporate investors in a company very closely, which is 57.80% institutions for Textainer Group Holdings Limited that are currently holding shares of the company. Dimensional Fund Advisors LP is the top institutional holder at TGH for having 2.98 million shares of worth $103.87 million. And as of Sep 29, 2021, it was holding 5.99% of the company’s outstanding shares.
The second largest institutional holder is Blackrock Inc., which was holding about 2.35 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 4.74% of outstanding shares, having a total worth of $82.07 million.
On the other hand, MFS Series Trust XIII-MFS New Discovery Value Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Aug 30, 2021, the former fund manager was holding 1.74 million shares of worth $57.86 million or 3.51% of the total outstanding shares. The later fund manager was in possession of 1.11 million shares on Oct 30, 2021, making its stake of worth around $43.65 million in the company or a holder of 2.24% of company’s stock.