Deutsche Bank Raises Textainer Group Holdings To $37 (TGH)

Deutsche Bank raised its Textainer Group Holdings TGH price target to $37 in a research report published today. In the report, Deutsche Bank states, "Last week, TGH reported Q4 adjusted EPS of $0.72 ahead of our estimate of $0.69/share and Consensus of $0.71/share. TGH's total revenue of $84.0 million came in ahead of our estimate of $82.1 million, while operating margins remained flat sequentially at 39.9%. Average utilization for the quarter was 98%, above our estimate of 97.5%. Despite our increased estimates, we believe TGH's risk reward profile remains neutral, however this company has been consistently ahead of our expectations." Shares of Textainer Group Holdings were trading at $34.94 in Monday after hours trading, down 0.34% from Monday's market close.