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 year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TGH shares.
View TGH analyst ratings or view top-rated stocks.

1 brokerages have issued 1-year target prices for Textainer Group's shares. Their TGH share price forecasts range from $55.00 to $55.00. On average, they anticipate the company's stock price to reach $55.00 in the next year. This suggests a possible upside of 61.3% 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 start of the year. Since then, TGH shares have decreased by 4.5% and is now trading at $34.09.
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Textainer Group saw a increase in short interest in 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 daily volume of 462,400 shares, the short-interest ratio is currently 5.7 days. Currently, 12.3% of the company's shares are short sold.
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) announced its quarterly earnings data on Thursday, November, 4th. The transportation company reported $1.52 earnings per share for the quarter, topping analysts' consensus estimates of $1.19 by $0.33. The transportation company had revenue of $195.83 million for the quarter, compared to the consensus estimate of $193.43 million. Textainer Group had a net margin of 38.00% and a trailing twelve-month return on equity of 20.59%. During the same quarter in the previous year, the company posted $0.41 EPS.

Textainer Group declared 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 2.93%. 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 2.93%. 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 a variety of institutional and retail investors. Top institutional investors include Massachusetts Financial Services Co. MA (1.98%), Clearbridge Investments LLC (1.65%), Northern Trust Corp (0.76%), PEAK6 Investments LLC (0.00%), Deutsche Bank AG (0.29%) and Renaissance Technologies LLC (0.29%).
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 $34.09.

Textainer Group (NYSE:TGH) has a market capitalization of $1.69 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.