Nomura Securities Reiterates a 'Buy' on Textainer Group (TGH); Raising PT & Estimates on Strong Q1

May 9, 2012 10:20 AM EDT Send to a Friend
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Price: $32.95 -0.75%

Rating Summary:
    1 Buy, 11 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 28 | New: 14
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Nomura Securities reiterates a 'Buy' on Textainer Group Holdings (NYSE: TGH) price target raised from $38 to $42.

Analyst, Bill Carcache, said, "TGH reported 1Q12 adjusted EPS of $0.97, relative to our estimate of $0.90 and consensus of $0.94. We were positively surprised by the historically-high levels of capex deployment that the company has completed to date ($660 million to be delivered through July 2012). The company continues to maintain a strong and stable payout track record (it hasn’t cut its dividend since going public). We are raising our EPS estimates to reflect the quarter’s beat and better-than-expected outlook. Our 2012/13 EPS estimates go to $3.93 / $4.11 from $3.79 / $4.02, respectively."

For an analyst ratings summary and ratings history on Textainer Group Holdings click here. For more ratings news on Textainer Group Holdings click here.

Shares of Textainer Group Holdings closed at $36.80 yesterday.


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Analyst Comments, Analyst EPS Change, Analyst EPS View, Analyst PT Change

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