Textainer Group Holdings Limited Reports Third-Quarter 2023 Results and Declares Dividend

TGHDelisted Stock  USD 40.91  0.28  0.69%   
Under 52% of Textainer Group's investor base is interested to short. The analysis of current outlook of investing in Textainer Group Holdings suggests that many traders are impartial regarding Textainer Group's prospects. Textainer Group's investing sentiment shows overall attitude of investors towards Textainer Group Holdings.
  
HAMILTON, Bermuda, Nov. 02, 2023 -- Textainer Group Holdings Limited , one of the worlds largest lessors of intermodal containers, today reported financial results for the third-quarter ended September 30, 2023. Key Financial Information and Business Highlights QTD Q3 2023 Q2 2023 Q3 2022 Total lease rental income 192,497 192,163 205,152 Gain on sale of owne

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Textainer Group Fundamental Analysis

We analyze Textainer Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Textainer Group using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Textainer Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Price To Book

Price To Book Comparative Analysis

Textainer Group is currently under evaluation in price to book category among its peers. Price to Book (P/B) ratio is used to relate a company book value to its current market price. A high P/B ratio indicates that investors expect executives to generate more returns on their investments from a given set of assets. Book value is the accounting value of assets minus liabilities.

Textainer Group Holdings Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Textainer Group stock to make a market-neutral strategy. Peer analysis of Textainer Group could also be used in its relative valuation, which is a method of valuing Textainer Group by comparing valuation metrics with similar companies.

Peers

Textainer Group Related Equities

CTOSCustom Truck   1.91   
0%
58.0%
MPUMega Matrix   1.45   
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44.0%
TRTN-PBTriton International   0.56   
0%
17.0%
MGRCMcGrath RentCorp   0.28   
0%
8.0%
GATXGATX   0.14   
4.0%
0%
HRIHerc Holdings   0.25   
7.0%
0%
PRGPROG Holdings   0.38   
11.0%
0%
FTAIMFTAI Aviation   0.49   
15.0%
0%
ALAir Lease   1.76   
53.0%
0%
RRyder System   1.88   
57.0%
0%
ALTGAlta Equipment   3.26   
100.0%
0%
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Other Consideration for investing in Textainer Stock

If you are still planning to invest in Textainer Group Holdings check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Textainer Group's history and understand the potential risks before investing.
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