Long Position on TGH @ $32.25 on 6/9/2021 (Fundamentals)

Textainer Group Holdings Limited (TGH), through its subsidiaries, purchases, owns, manages, leases, and disposes a fleet of intermodal containers worldwide.

It operates through three segments: Container Ownership, Container Management, and Container Resale.

The company's containers include standard dry freight containers, refrigerated, and other special-purpose containers, which include tank, 45', pallet-wide, and other types of containers. It also provides container acquisition, management, and disposal services to affiliated and unaffiliated container investors.

In addition, the company is involved in the sale of containers from its fleet, as well as purchase, lease, or resale of containers from shipping line customers, container traders, and other sellers of containers. It operates a fleet of approximately 2.4 million containers, representing 3.8 million twenty-foot equivalent units.

The company primarily serves shipping lines, as well as freight forwarding companies and the United States military.

Textainer Group Holdings Limited reported 1st Quarter March 2021 earnings of $1.16 per share on revenue of $169.2 million. The consensus earnings estimate was $0.98 per share on revenue of $182.9 million. Revenue grew 16.3% on a year-over-year basis.

After share prices have increased 267% over the last year, this stock should continue to see an increase in prices.

Entry Point: $32.25

Stop Loss: $30.65

Trading Range: $19.08 - $65.33

Target Price: $35.50

Updates

6/21/2021 2:59:47 PM

TGH closed at $35.20

Position closed on 6/21/2021 at price of $35.20 with a 9.15% gain in 12 days.

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