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TGH

Textainer Group - Top Gainers Of The Stock Market Today

Jordan Baird

Jordan Baird is the head ASR Wealth Advisers client services desk and has been with the organisation since 2017. He first started investing in his early years. While he believes that investors should leave no stone unturned he has a particular interest in trading based on broad macroeconomic trends along with specific analysis of innovative up-and-coming companies.

Textainer Group Holdings Limited (ASX: TGH) is among the top gainers of the stock market today, with the share price increasing 4.78% from $9 on its previous close to $9.43, at the time of writing.

Textainer TGH

Textainer Group Holdings Limited experiencing impressive 4.78% growth

Textainer Group Holdings Limited is a holding company where through its subsidiaries, engages in the purchase, ownership, management, leasing, and disposal of a fleet of intermodal containers worldwide. The company operates through the three segments; Container Ownership, Container Management, and Container Resale. The company owns and leases standard dry freight containers, refrigerated, and other special-purpose containers.

The company’s shares seem to have an active trading volume today with a reported 647,989 contracts so far this session, a figure 462000 above the company’s average volume of 185,898 contracts. This is very positive as when it comes to trading, high volume is crucial, as the higher the volume the more liquid the stock is.  

Furthermore, for the long-term investor, EPS growth rates are crucial in determining the long-term growth and valuation of a company. Textainer Group Holdings has reported to achieve an EPS growth of 199.70% for this year and a steady EPS growth of 12.00% for the next 5 years.

However, despite the positive information, the stock has a beta of 2.25. Since the beta is greater than one, it implies that the stock is more volatile than the market and therefore traders must keep close attention to the value of the stock.

On the 5th of November, investment bank Cowen Incorporated lowered their recommendation on shares of TGH, downgrading the stock from Outperform to Market Perform. Additionally, Keefe, Bruyette & Woods, Incorporated also placed the Textainer stocks at a Market Perform recommendation, according to their flash note issued to investors on the 1st of November. Both investment banks have set the price target of the stock to $11, which is $1.53 higher than the stock’s current position.

Finally, given TGH’s high trading volumes and 3.33% growth run over the week, it may be worth considering Textainer Group Holdings Limited as an investment option.

 


 

Disclaimer:

This article has been prepared by the Australian Stock Report Pty Ltd (AFSL: 301 682. ABN: 94 106 863 978)

(“ASR”). ASR is part of Amalgamated Australian Investment Group Limited (AAIG) (ABN: 81 140 208 288 Level 13, 130 Pitt Street, Sydney NSW 2000).

This article is provided for informational purpose only and does not purport to contain all matters relevant to any particular investment or financial instrument. Any market commentary in this communication is not intended to constitute “research” as defined by applicable regulations. Whilst information published on or accessed via this website is believed to be reliable, as far as permitted by law we make no representations as to its ongoing availability, accuracy or completeness. Any quotes or prices used herein are current at the time of preparation. This document and its contents are proprietary information and products of our firm and may not be reproduced or otherwise disseminated in whole or in part without our written consent unless required to by judicial or administrative proceeding. The ultimate decision to proceed with any transaction rests solely with you. We are not acting as your advisor in relation to any information contained herein. Any projections are estimates only and may not be realised in the future.

ASR has no position in any of the stocks mentioned.

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