Is Textainer Group Holdings Limited a Buy?

The historic bull market currently underway has been kind to many different stocks hailing from across the economy. The global shipping industry has contributed more than a few winners, including Textainer Group Holdings (NYSE: TGH). It owns the second-largest fleet of shipping containers in the world, which it then leases to shipping companies large and small, and its shares are up 157% in the last 12 months.

Management is executing well against a multiyear strategy to return to sustainable profitability, clean up the balance sheet, and deliver value to shareholders. However, investors may think twice about jumping into a new position or adding to an old one. That's especially true after the recent stock performance, the historical volatility in the shipping industry, foundational changes to long-standing ideas about the value of free global trade, and a stock market that is historically expensive.

Is there any indication that Textainer Group Holdings is a buy right now?

Source: Fool.com