General Finance (NASDAQ:GFN) Upgraded by ValuEngine to Hold

ValuEngine upgraded shares of General Finance (NASDAQ:GFN) from a sell rating to a hold rating in a report issued on Thursday morning, ValuEngine reports.

Other analysts have also recently issued reports about the stock. DA Davidson decreased their target price on shares of General Finance from $12.00 to $9.00 and set a buy rating on the stock in a research report on Wednesday, May 6th. TheStreet cut shares of General Finance from a c rating to a d+ rating in a research report on Monday, May 18th. Oppenheimer started coverage on shares of General Finance in a research report on Tuesday, May 5th. They set a hold rating on the stock. Finally, Zacks Investment Research upgraded shares of General Finance from a sell rating to a hold rating in a research report on Tuesday, July 14th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. General Finance has an average rating of Hold and a consensus price target of $7.50.

GFN stock traded down $0.22 during mid-day trading on Thursday, hitting $5.88. The company had a trading volume of 16,275 shares, compared to its average volume of 33,990. The company has a market capitalization of $180.25 million, a price-to-earnings ratio of 8.91, a P/E/G ratio of 1.81 and a beta of 1.19. General Finance has a 12-month low of $4.62 and a 12-month high of $11.24. The company has a quick ratio of 1.05, a current ratio of 1.43 and a debt-to-equity ratio of 3.17. The company has a 50-day moving average price of $6.33 and a 200 day moving average price of $7.22.

General Finance (NASDAQ:GFN) last announced its quarterly earnings results on Tuesday, May 5th. The business services provider reported $0.12 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.03). The company had revenue of $89.97 million during the quarter, compared to analysts’ expectations of $88.30 million. General Finance had a return on equity of 16.66% and a net margin of 3.28%. As a group, analysts expect that General Finance will post 0.4 EPS for the current year.

In other news, Director Larry D. Tashjian purchased 8,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average cost of $4.91 per share, for a total transaction of $41,735.00. Following the acquisition, the director now owns 42,004 shares of the company’s stock, valued at approximately $206,239.64. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Christopher A. Wilson sold 28,500 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $5.97, for a total transaction of $170,145.00. Following the transaction, the vice president now owns 166,852 shares in the company, valued at $996,106.44. The disclosure for this sale can be found here. Insiders have purchased a total of 10,370 shares of company stock worth $70,961 over the last quarter. 27.40% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. NorthCoast Asset Management LLC bought a new position in General Finance in the 1st quarter worth about $80,000. Marshall Wace LLP bought a new position in General Finance in the 1st quarter worth about $81,000. UBS Group AG grew its stake in General Finance by 69.2% in the 4th quarter. UBS Group AG now owns 14,761 shares of the business services provider’s stock worth $163,000 after acquiring an additional 6,037 shares in the last quarter. Wells Fargo & Company MN grew its stake in General Finance by 42.8% in the 1st quarter. Wells Fargo & Company MN now owns 33,503 shares of the business services provider’s stock worth $209,000 after acquiring an additional 10,038 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in General Finance by 30.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 64,650 shares of the business services provider’s stock worth $403,000 after acquiring an additional 15,223 shares in the last quarter. Institutional investors own 23.33% of the company’s stock.

General Finance Company Profile

General Finance Corporation, a specialty rental services company, provides portable storage, modular space, and liquid containment solutions in North America and the Asia-Pacific regions. Its portable storage products include storage containers used in classroom equipment storage, construction equipment and tool storage, disaster shelters, landscaping sheds, recreational equipment storage, and retail inventory storage applications; and freight containers used in freight transportation by road and rail.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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