What to Expect From Textainer Group Holdings Limited in 2018
After sinking deep into the red over the past year, Textainer Group Holdings (NYSE: TGH) returned to profitability in the third quarter of 2017 thanks to a significant improvement in the container leasing market. That helped drive the stock up more than 200% this year.
Arguably, Textainer is in the early stages of its rebound. Not only does the company have additional upside within its legacy container fleet, but it recently bought $500 million of new containers, which should drive earnings higher in the coming quarters. Meanwhile, with plenty of dry powder, the company can continue buying containers. These three factors should drive up the company's profitability in 2018, which in turn could push the stock even higher.
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Source: Fool.com
