Zacks Investment Research upgraded shares of General Finance (NASDAQ:GFN) from a hold rating to a buy rating in a research report report published on Monday, Zacks.com reports. They currently have $7.00 target price on the business services provider’s stock.
According to Zacks, “General Finance Corporation provides mobile storage, liquid containment and modular space solutions. General Finance Corporation is headquartered in Pasadena, California. “
Other equities analysts have also issued research reports about the stock. TheStreet upgraded shares of General Finance from a d+ rating to a c- rating in a report on Wednesday, September 9th. ValuEngine upgraded General Finance from a sell rating to a hold rating in a report on Thursday, July 30th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. General Finance presently has a consensus rating of Buy and a consensus target price of $8.00.
GFN stock opened at $6.15 on Monday. The stock has a market capitalization of $185.53 million, a P/E ratio of 51.25, a PEG ratio of 1.79 and a beta of 1.05. The company has a 50 day moving average price of $6.34 and a two-hundred day moving average price of $6.34. General Finance has a one year low of $4.62 and a one year high of $11.24. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.26.
In other General Finance news, VP Christopher A. Wilson sold 28,500 shares of the business’s stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $5.97, for a total value of $170,145.00. Following the transaction, the vice president now owns 166,852 shares in the company, valued at $996,106.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 27.40% of the company’s stock.
Several large investors have recently added to or reduced their stakes in GFN. Marshall Wace LLP bought a new stake in General Finance during the 1st quarter worth approximately $81,000. State Street Corp increased its holdings in General Finance by 12.3% during the 1st quarter. State Street Corp now owns 175,651 shares of the business services provider’s stock worth $1,096,000 after purchasing an additional 19,291 shares in the last quarter. NorthCoast Asset Management LLC bought a new stake in General Finance during the 1st quarter worth approximately $80,000. Wells Fargo & Company MN grew its holdings in shares of General Finance by 42.8% in the first quarter. Wells Fargo & Company MN now owns 33,503 shares of the business services provider’s stock valued at $209,000 after acquiring an additional 10,038 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of General Finance by 41.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 91,600 shares of the business services provider’s stock valued at $615,000 after acquiring an additional 26,950 shares during the last quarter. 23.47% of the stock is currently owned by institutional investors.
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.
Recommended Story: Portfolio Manager
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for General Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Finance and related companies with MarketBeat.com's FREE daily email newsletter.