Cowen & Co. analyst Helane Becker reiterated a Buy rating on Textainer Group Holdings (NYSE: TGH) yesterday and set a price target of $22. The company’s shares closed yesterday at $14.50, close to its 52-week low of $13.80.
According to TipRanks.com, Becker is a top 25 analyst with an average return of 23.0% and a 77.6% success rate. Becker covers the Services sector, focusing on stocks such as Allegiant Travel Company, Southwest Airlines, and United Continental.
Currently, the analyst consensus on Textainer Group Holdings is a Moderate Buy with an average price target of $19.50.
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Based on Textainer Group Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $17.51 million. In comparison, last year the company had a GAAP net loss of $9.35 million.
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Textainer Group Holdings Ltd. engages in the purchase, management, leasing, and resale of a fleet of marine cargo containers, through its. It operates through the following business segments: Container Ownership, Container Management, and Container Resale.
