Advertisement
UK markets close in 32 minutes

  • FTSE 100

    8,139.04
    +60.18 (+0.74%)
     

  • FTSE 250

    19,817.25
    +215.27 (+1.10%)
     

  • AIM

    755.48
    +2.36 (+0.31%)
     

  • GBP/EUR

    1.1665
    +0.0008 (+0.07%)
     

  • GBP/USD

    1.2461
    -0.0050 (-0.40%)
     

  • Bitcoin GBP

    51,237.82
    +470.40 (+0.93%)
     

  • CMC Crypto 200

    1,331.58
    -64.95 (-4.65%)
     

  • S&P 500

    5,104.32
    +55.90 (+1.11%)
     

  • DOW

    38,205.78
    +119.98 (+0.31%)
     

  • CRUDE OIL

    83.47
    -0.10 (-0.12%)
     

  • GOLD FUTURES

    2,346.40
    +3.90 (+0.17%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,173.52
    +256.24 (+1.43%)
     

  • CAC 40

    8,107.99
    +91.34 (+1.14%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Is Textainer Group Holdings (TGH) Stock Outpacing Its Transportation Peers This Year?

Zacks Equity Research

Investors focused on the Transportation space have likely heard of Textainer Group Holdings (TGH), but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.

Textainer Group Holdings is one of 156 companies in the Transportation group. The Transportation group currently sits at #12 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TGH is currently sporting a Zacks Rank of #1 (Strong Buy).

The Zacks Consensus Estimate for TGH's full-year earnings has moved 9.62% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.

ADVERTISEMENT

According to our latest data, TGH has moved about 4.72% on a year-to-date basis. In comparison, Transportation companies have returned an average of 15.34%. This shows that Textainer Group Holdings is outperforming its peers so far this year.

To break things down more, TGH belongs to the Transportation - Equipment and Leasing industry, a group that includes 15 individual companies and currently sits at #105 in the Zacks Industry Rank. This group has gained an average of 21.50% so far this year, so TGH is slightly underperforming its industry in this area.

Investors in the Transportation sector will want to keep a close eye on TGH as it attempts to continue its solid performance.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Textainer Group Holdings Limited (TGH) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.