Nomura Securities Maintains a 'Neutral' on Textainer Group (TGH); Core Trends Remain Strong
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Price: $49.99 --0%
Rating Summary:
0 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Neutral' on Textainer Group Holdings (NYSE: TGH) price target of $27.00.
Analyst, Bill Carcache, said, "Management provided a relatively upbeat outlook for 2012. In particular, the tight and stable demand environment is expected to translate into strong utilization rates for the year. Management expects utilization rates to flatten or increase in 2Q12, after decreasing in 1Q12, as normal seasonal patterns begin to affect the results. We were previously expecting utilization rates to continue to decline steadily throughout the course of the year. We believe the pressure from lower disposal gains and somewhat lower YoY utilization rates will be more than offset by asset growth, enabling the company to achieve modest earnings growth in 2012."
"We’re raising our EPS estimates to reflect the quarter’s beat and better-than-expected outlook for leasing revenues. Our 2012 / 2013 EPS estimates go to $3.77 / $3.97 from $3.72 / $3.96, 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 $32.31 yesterday.
Analyst, Bill Carcache, said, "Management provided a relatively upbeat outlook for 2012. In particular, the tight and stable demand environment is expected to translate into strong utilization rates for the year. Management expects utilization rates to flatten or increase in 2Q12, after decreasing in 1Q12, as normal seasonal patterns begin to affect the results. We were previously expecting utilization rates to continue to decline steadily throughout the course of the year. We believe the pressure from lower disposal gains and somewhat lower YoY utilization rates will be more than offset by asset growth, enabling the company to achieve modest earnings growth in 2012."
"We’re raising our EPS estimates to reflect the quarter’s beat and better-than-expected outlook for leasing revenues. Our 2012 / 2013 EPS estimates go to $3.77 / $3.97 from $3.72 / $3.96, 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 $32.31 yesterday.
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