Why Textainer Group Holdings Limited (NYSE:TGH) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $11.40 on Textainer Group Holdings Limited (NYSE:TGH) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.32 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Textainer Group Holdings Limited (NYSE:TGH) stands at 18.98.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Textainer Group Holdings Limite, the PEG ratio for coming 3-5 years is -1.39.

Technical Analysis

The technical analysis highlights that Textainer Group Holdings Limite current is trading $-1.71 points away or -16.35% from its 50-day moving average of $10.46. Further it is trading $-3.49 or -28.54% away its 200-day moving average of $12.24.

The 52-week high of Textainer Group Holdings Limited (NYSE:TGH) was $21.12 while lowest point recorded in 52-week was $7.13. It implies if stock price makes a movement of over $-12.37, it will record a new 52-week high. In the case of +22.72% drop, it will touch a new 52-week low.

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