Should I buy or sell Textainer Group stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Textainer Group in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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 .

What is Textainer Group's stock price target for 2024?

2 brokerages have issued 1-year price objectives for Textainer Group's shares. Their TGH share price targets range from $45.00 to $50.00. On average, they expect the company's share price to reach $47.50 in the next year. This suggests that the stock has a possible downside of 3.5%. View analysts price targets for TGH or view top-rated stocks among Wall Street analysts .

How have TGH shares performed in 2023?

Textainer Group's stock was trading at $31.01 at the beginning of 2023. Since then, TGH shares have increased by 58.8% and is now trading at $49.24. View the best growth stocks for 2023 here .

Are investors shorting Textainer Group?

Textainer Group saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 840,900 shares, a drop of 17.6% from the October 31st total of 1,020,000 shares. Based on an average trading volume of 576,200 shares, the days-to-cover ratio is presently 1.5 days. Currently, 2.1% of the shares of the company are short sold. View Textainer Group's Short Interest .

When is Textainer Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024. View our TGH earnings forecast .

How were Textainer Group's earnings last quarter?

Textainer Group Holdings Limited (NYSE:TGH) released its quarterly earnings results on Thursday, November, 2nd. The transportation company reported $1.08 earnings per share for the quarter, missing analysts' consensus estimates of $1.13 by $0.05. The transportation company earned $192.50 million during the quarter, compared to analyst estimates of $190.75 million. Textainer Group had a trailing twelve-month return on equity of 13.70% and a net margin of 29.57%.

How often does Textainer Group pay dividends? What is the dividend yield for Textainer Group?

Textainer Group announced a quarterly dividend on Thursday, November 2nd. Shareholders of record on Friday, December 1st will be given a dividend of $0.30 per share on Friday, December 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Thursday, November 30th. Read our dividend analysis for TGH .

Is Textainer Group a good dividend stock?

Textainer Group (NYSE:TGH) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.44%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGH will have a dividend payout ratio of 24.90% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for TGH .

What ETFs hold Textainer Group's stock?

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) .

What is Antonius Wagner's approval rating as Textainer Group's CEO?

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.

What other stocks do shareholders of Textainer Group own?

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) .

Who are Textainer Group's major shareholders?

Textainer Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (2.06%), American Century Companies Inc. (1.53%), Clearbridge Investments LLC (1.48%), Capital Management Corp VA (0.81%), Northern Trust Corp (0.80%) and Ameriprise Financial Inc. (0.77%). View institutional ownership trends .

How do I buy shares of Textainer Group?

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. Compare Top Brokerages Here .

Textainer Group Stock Price, News & Analysis (NYSE:TGH)

$49.24

-0.01 (-0.02%)

(As of 12/4/2023 ET)

Compare

Today's Range: $49.18
▼
$49.27
50-Day Range: $34.15
▼
$49.45
52-Week Range: $28.84
▼
$49.60

Volume: 279,820 shs
Average Volume: 368,785 shs
Market Capitalization: $2.09 billion

P/E Ratio: 10.11
Dividend Yield: 2.44%
Price Target: $47.50

Textainer Group MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 3.5% Downside
$47.50 Price Target
Short Interest: Healthy
2.11% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -3.33
Upright™ Environmental Score
News Sentiment: 0.39
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.07%
From $4.46 to $4.82 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.15 out of 5 stars

Transportation Sector

55th out of 112 stocks

Equipment Rental & Leasing, Not Elsewhere Classified Industry

9th out of 13 stocks

1.0

Analyst's Opinion

Consensus Rating
Textainer Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $47.50, Textainer Group has a forecasted downside of 3.5% from its current price of $49.24.
Amount of Analyst Coverage
Textainer Group has only been the subject of 1 research reports in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
2.11% of the float of Textainer Group has been sold short.
Short Interest Ratio / Days to Cover
Textainer Group has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Textainer Group has recently decreased by 17.56%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Yield
Textainer Group pays a meaningful dividend of 2.44%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Textainer Group has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Textainer Group is 24.64%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Textainer Group will have a dividend payout ratio of 24.90% next year. This indicates that Textainer Group will be able to sustain or increase its dividend.

2.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Textainer Group has received a 5.38% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is driven by its "Rental of storage systems" product. See details.
Environmental Sustainability
The Environmental Impact score for Textainer Group is -3.33.

3.0

News and Social Media Coverage

News Sentiment
Textainer Group has a news sentiment score of 0.39. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Transportation companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Textainer Group this week, compared to 1 article on an average week.
Search Interest
1 people have searched for TGH on MarketBeat in the last 30 days.
MarketBeat Follows
5 people have added Textainer Group to their MarketBeat watchlist in the last 30 days. This is an increase of 150% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Textainer Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 4.10% of the stock of Textainer Group is held by insiders.
Percentage Held by Institutions
44.28% of the stock of Textainer Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Textainer Group are expected to grow by 8.07% in the coming year, from $4.46 to $4.82 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Textainer Group is 10.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.85.
Price to Earnings Ratio vs. Sector
The P/E ratio of Textainer Group is 10.11, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 12.90.
Price to Book Value per Share Ratio
Textainer Group has a P/B Ratio of 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Textainer Group Stock (NYSE:TGH)

Textainer Group Holdings Limited, through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. It operates through three segments: Container Ownership, Container Management, and Container Resale. The company's containers include standard and specialized dry freight, and refrigerated containers, as well as other special-purpose containers, which include tank, 45', pallet-wide, and other types of containers. It also provides container management, acquisition, and disposal services to affiliated and unaffiliated container investors. In addition, the company is involved in the sale of containers from its fleet, as well as purchase, lease, or resale of containers from shipping line customers, container traders, and other sellers of containers. It operates a fleet of approximately 2.7 million containers representing 4.4 million twenty-foot equivalent units. The company primarily serves shipping lines, as well as freight forwarding companies and the U.S. military. Textainer Group Holdings Limited was founded in 1979 and is headquartered in Hamilton, Bermuda.

TGH Stock Price History

30 days | 90 days | 365 days | Advanced Chart

TGH Stock News Headlines

December 3, 2023 | americanbankingnews.com

Textainer Group (NYSE:TGH) Earns Hold Rating from Analysts at StockNews.com

November 27, 2023 | msn.com

Textainer Group Holdings (TGH) Price Target Increased by 5.26% to 51.00

December 5, 2023 | Financial Alphas (Ad)

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November 25, 2023 | americanbankingnews.com

Textainer Group (NYSE:TGH) Now Covered by StockNews.com

November 22, 2023 | finance.yahoo.com

Textainer Announces Expiration of “Go-Shop” Period

November 2, 2023 | msn.com

Textainer Group Holdings Non-GAAP EPS of $1.08 misses by $0.06, revenue of $192.5M misses by $2.56M

October 27, 2023 | finance.yahoo.com

Why Textainer Stock Is Skyrocketing This Week

October 26, 2023 | finance.yahoo.com

Textainer Announces Date for the Third Quarter 2023 Earnings Release

December 5, 2023 | Financial Alphas (Ad)

Countries Are Investing Heavily Into Securing Energy Independence

October 25, 2023 | finance.yahoo.com

Greenbrier Companies (GBX) Q4 Earnings and Revenues Miss Estimates

October 24, 2023 | businesswire.com

TEXTAINER GROUP INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Textainer ...

October 23, 2023 | msn.com

Textainer Group Holdings to go private after R40 billion buyouy

October 23, 2023 | msn.com

B. Riley Securities Downgrades Textainer Group Holdings (TGH)

October 23, 2023 | finance.yahoo.com

Textainer Group Holdings (TGH): A Closer Look at Its Valuation

October 23, 2023 | finance.yahoo.com

TGH Stock Vaults 45% On $7.4 Billion Stonepeak Deal

October 23, 2023 | finance.yahoo.com

These Stocks Moved the Most Today: Chevron, Hess, Tesla, FMC, Okta, MGM, Walgreens, and More

October 23, 2023 | proactiveinvestors.com

Shipping firm Textainer rises as sale agreed

October 23, 2023 | marketwatch.com

Textainer Group Shares Soar Premarket on Takeover by Stonepeak

October 23, 2023 | msn.com

Textainer (NYSE:TGH) to Go Private in a $2.1B Deal

October 23, 2023 | msn.com

Why Container Lessor Textainer's Shares Are Jumping Today

October 23, 2023 | finance.yahoo.com

Stonepeak to take Textainer private in $7.4B deal

October 22, 2023 | msn.com

Stonepeak nears purchase of shipping-container firm Textainer for $50 a share - WSJ

October 22, 2023 | markets.businessinsider.com

Container Lessor Textainer Agrees To Be Taken Private By Stonepeak In $2.1 Bln Deal

October 22, 2023 | finance.yahoo.com

Textainer to be Acquired by Stonepeak for $7.4 Billion

October 16, 2023 | msn.com

Textainer Group Holdings: Still Upside Potential

October 6, 2023 | msn.com

Textainer: I Like The 8.3% Yielding Preferred Shares

October 4, 2023 | finance.yahoo.com

Is It Time To Consider Buying Textainer Group Holdings Limited (NYSE:TGH)?

See More Headlines

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Company Calendar

Ex-Dividend for 9/15 Dividend: 8/31/2023
Dividend Payable: 9/15/2023
Last Earnings: 11/02/2023
Ex-Dividend for 12/15 Dividend: 11/30/2023
Today: 12/05/2023
Dividend Payable: 12/15/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/13/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Equipment rental & leasing, not elsewhere classified
Sub-Industry: Trading Companies & Distributors
Sector: Transportation
Current Symbol: NYSE:TGH
CUSIP: G8766E10
CIK: 1413159
Web: www.textainer.com
Phone: (441) 296-2500
Fax: 441-295-4164
Employees: 162
Year Founded: 1979

Price Target and Rating

Average Stock Price Target: $47.50
High Stock Price Target: $50.00
Low Stock Price Target: $45.00
Potential Upside/Downside: -3.5%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $4.87
Trailing P/E Ratio: 10.11
Forward P/E Ratio: 11.04
P/E Growth: N/A
Net Income: $309.42 million
Net Margins: 29.57%
Pretax Margin: 30.33%
Return on Equity: 13.70%
Return on Assets: 3.12%

Debt

Debt-to-Equity Ratio: 2.78
Current Ratio: 1.14
Quick Ratio: 1.14

Sales & Book Value

Annual Sales: $810.01 million
Price / Sales: 2.58
Cash Flow: $14.03 per share
Price / Cash Flow: 3.51
Book Value: $38.88 per share
Price / Book: 1.27

Miscellaneous

Outstanding Shares: 42,400,000
Free Float: 40,659,000
Market Cap: $2.09 billion
Optionable: Optionable
Beta: 1.12

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Key Executives

Mr. Olivier Ghesquiere (Age 56)
President, CEO & Director
Comp: $1.36M
Mr. Michael K. Chan (Age 60)
Executive VP & CFO
Comp: $763.73k
Mr. Joaquim G. Figueira
Vice President of Corporate Operations & Procurement
Mr. Gregory W. Coan (Age 59)
Senior VP & Chief Information Officer
Tamara Bakarian
Director of Investor Relations
Mr. Daniel W. Cohen Esq.
VP & General Counsel
Mr. Philippe Wendling
Senior Vice President of Marketing
Adam H. Hopkin
Company Secretary

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

TGH Stock Analysis - Frequently Asked Questions

Should I buy or sell Textainer Group stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Textainer Group in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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.
What is Textainer Group's stock price target for 2024?: 2 brokerages have issued 1-year price objectives for Textainer Group's shares. Their TGH share price targets range from $45.00 to $50.00. On average, they expect the company's share price to reach $47.50 in the next year. This suggests that the stock has a possible downside of 3.5%.
View analysts price targets for TGH or view top-rated stocks among Wall Street analysts.
How have TGH shares performed in 2023?: Textainer Group's stock was trading at $31.01 at the beginning of 2023. Since then, TGH shares have increased by 58.8% and is now trading at $49.24.
View the best growth stocks for 2023 here.
Are investors shorting Textainer Group?: Textainer Group saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 840,900 shares, a drop of 17.6% from the October 31st total of 1,020,000 shares. Based on an average trading volume of 576,200 shares, the days-to-cover ratio is presently 1.5 days. Currently, 2.1% of the shares of the company are short sold.
View Textainer Group's Short Interest.
When is Textainer Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
View our TGH earnings forecast.
How were Textainer Group's earnings last quarter?: Textainer Group Holdings Limited (NYSE:TGH) released its quarterly earnings results on Thursday, November, 2nd. The transportation company reported $1.08 earnings per share for the quarter, missing analysts' consensus estimates of $1.13 by $0.05. The transportation company earned $192.50 million during the quarter, compared to analyst estimates of $190.75 million. Textainer Group had a trailing twelve-month return on equity of 13.70% and a net margin of 29.57%.
How often does Textainer Group pay dividends? What is the dividend yield for Textainer Group?: Textainer Group announced a quarterly dividend on Thursday, November 2nd. Shareholders of record on Friday, December 1st will be given a dividend of $0.30 per share on Friday, December 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Thursday, November 30th.
Read our dividend analysis for TGH.

Is Textainer Group a good dividend stock?: Textainer Group (NYSE:TGH) pays an annual dividend of $1.20 per share and currently has a dividend yield of 2.44%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.64%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGH will have a dividend payout ratio of 24.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TGH.
What ETFs hold Textainer Group's stock?: 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).
What is Antonius Wagner's approval rating as Textainer Group's CEO?: 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.
What other stocks do shareholders of Textainer Group own?: 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).
Who are Textainer Group's major shareholders?: Textainer Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (2.06%), American Century Companies Inc. (1.53%), Clearbridge Investments LLC (1.48%), Capital Management Corp VA (0.81%), Northern Trust Corp (0.80%) and Ameriprise Financial Inc. (0.77%).
View institutional ownership trends.
How do I buy shares of Textainer Group?: 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.
Compare Top Brokerages Here.

This page (NYSE:TGH) was last updated on 12/5/2023 by MarketBeat.com Staff

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Textainer Group Stock Price, News & Analysis (NYSE:TGH)

Textainer Group MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Textainer Group Stock (NYSE:TGH)

TGH Stock Price History

TGH Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

TGH Stock Analysis - Frequently Asked Questions

Overall MarketRank^™