Textainer Group - TGH Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Textainer Group in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" TGH shares.
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1 analysts have issued 1-year price targets for Textainer Group's shares. Their TGH share price forecasts range from $55.00 to $55.00. On average, they predict the company's stock price to reach $55.00 in the next year. This suggests a possible upside of 65.5% 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 $35.71 at the beginning of 2022. Since then, TGH stock has decreased by 6.9% and is now trading at $33.23.
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Textainer Group saw a increase in short interest during the month of June. As of June 30th, there was short interest totaling 2,620,000 shares, an increase of 40.1% from the June 15th total of 1,870,000 shares. Based on an average trading volume of 462,400 shares, the short-interest ratio is presently 5.7 days. Currently, 12.3% of the company's stock are sold short.
View Textainer Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our TGH earnings forecast.

Textainer Group Holdings Limited (NYSE:TGH) posted its quarterly earnings data on Thursday, November, 4th. The transportation company reported $1.52 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.33. The transportation company earned $195.83 million during the quarter, compared to the consensus estimate of $193.43 million. Textainer Group had a trailing twelve-month return on equity of 20.59% and a net margin of 38.00%. During the same period in the prior year, the business earned $0.41 EPS.

Textainer Group announced a quarterly dividend on Wednesday, August 3rd. Shareholders of record on Friday, September 2nd will be given a dividend of $0.25 per share on Thursday, September 15th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Thursday, September 1st.
Read our dividend analysis for TGH.

Textainer Group (NYSE:TGH) pays an annual dividend of $1.00 per share and currently has a dividend yield of 2.94%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TGH will have a dividend payout ratio of 18.02% 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 many different institutional and retail investors. Top institutional investors include Donald Smith & CO. Inc. (4.63%), Massachusetts Financial Services Co. MA (1.98%), Clearbridge Investments LLC (1.65%), State Street Corp (1.42%), Northern Trust Corp (0.76%) and PEAK6 Investments LLC (0.00%).
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 $33.23.

Textainer Group (NYSE:TGH) has a market capitalization of $1.65 billion and generates $750.73 million in revenue each year. The transportation company earns $284.29 million in net income (profit) each year or $5.83 on an earnings per share basis.

The company employs 164 workers across the globe.

Textainer Group was founded in 1979.

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.