Textainer Group (TGH) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Textainer Group in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TGH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TGH, but not buy additional shares or sell existing shares.
View TGH analyst ratings or view top-rated stocks.

1 Wall Street research analysts have issued 12-month price objectives for Textainer Group's shares. Their TGH share price forecasts range from $45.00 to $45.00. On average, they anticipate the company's stock price to reach $45.00 in the next year. This suggests a possible upside of 19.4% from the stock's current price.
View analysts price targets for TGH or view top-rated stocks among Wall Street analysts.

Textainer Group's stock was trading at $31.01 at the beginning of 2023. Since then, TGH shares have increased by 21.5% and is now trading at $37.69.
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Textainer Group saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 716,200 shares, a decline of 16.2% from the August 31st total of 854,400 shares. Based on an average trading volume of 175,800 shares, the short-interest ratio is currently 4.1 days. Approximately 1.8% of the company's stock are short sold.
View Textainer Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 7th 2023.
View our TGH earnings forecast.

Textainer Group Holdings Limited (NYSE:TGH) posted its quarterly earnings data on Tuesday, August, 1st. The transportation company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.05. The transportation company earned $192.20 million during the quarter, compared to analyst estimates of $193.68 million. Textainer Group had a trailing twelve-month return on equity of 15.61% and a net margin of 33.09%. Textainer Group's revenue for the quarter was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.63 earnings per share.

Textainer Group announced a quarterly dividend on Tuesday, August 1st. Shareholders of record on Friday, September 1st will be given a dividend of $0.30 per share on Friday, September 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Thursday, August 31st.
Read our dividend analysis for TGH.

ETFs with the largest weight of Textainer Group (NYSE:TGH) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC) and EA Bridgeway Omni Small-Cap Value ETF (BSVO).Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ).

Textainer Group (NYSE:TGH) pays an annual dividend of $1.20 per share and currently has a dividend yield of 3.19%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 22.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGH will have a dividend payout ratio of 23.12% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGH.

6 employees have rated Textainer Group Chief Executive Officer Antonius Wagner on Glassdoor.com. Antonius Wagner has an approval rating of 88% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Textainer Group investors own include Intersect ENT (XENT), SEASPAN CORP/SH SH (SSW), iShares MSCI Brazil ETF (EWZ), Costamare (CMRE), Nordic American Tankers (NAT), Mimecast (MIME), AT&T (T), Walt Disney (DIS), Kinder Morgan (KMI) and NVIDIA (NVDA).

Textainer Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "TGH."

Textainer Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (8.46%), Donald Smith & CO. Inc. (6.70%), BlackRock Inc. (5.02%), Clearbridge Investments LLC (1.69%), State Street Corp (1.48%) and Geode Capital Management LLC (1.07%).
View institutional ownership trends.

Shares of TGH stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TGH stock can currently be purchased for approximately $37.69.

Textainer Group (NYSE:TGH) has a market capitalization of $1.60 billion and generates $810.01 million in revenue each year. The transportation company earns $309.42 million in net income (profit) each year or $5.44 on an earnings per share basis.

The company employs 162 workers across the globe.

Textainer Group's mailing address is CENTURY HOUSE 16 PAR-LA-VILLE ROAD, HAMILTON D0, HM HX. The official website for the company is www.textainer.com. The transportation company can be reached via phone at (441) 296-2500, via email at investor_relations@textainer.com, or via fax at 441-295-4164.