General Finance (GFN) Stock Rating Upgraded by Zacks Investment Research

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 $10.00 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 research analysts have also recently issued research reports about the stock. DA Davidson reissued a buy rating on shares of General Finance in a report on Monday, February 11th. ValuEngine downgraded shares of General Finance from a buy rating to a hold rating in a research report on Friday, January 25th.

Shares of NASDAQ GFN traded down $0.39 during trading on Monday, hitting $8.34. 1,836 shares of the company traded hands, compared to its average volume of 28,119. General Finance has a 1 year low of $7.75 and a 1 year high of $16.15. The stock has a market capitalization of $268.24 million, a PE ratio of 139.00, a P/E/G ratio of 2.37 and a beta of 1.45. The company has a quick ratio of 0.96, a current ratio of 1.62 and a debt-to-equity ratio of 3.18.

General Finance (NASDAQ:GFN) last issued its quarterly earnings data on Monday, February 11th. The business services provider reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.03. General Finance had a negative net margin of 3.85% and a positive return on equity of 7.90%. The firm had revenue of $97.99 million for the quarter, compared to analyst estimates of $91.70 million. Equities research analysts expect that General Finance will post 0.34 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the stock. First Interstate Bank purchased a new position in General Finance during the 4th quarter valued at approximately $45,000. Marshall Wace LLP acquired a new position in shares of General Finance in the 1st quarter valued at about $81,000. Bank of America Corp DE lifted its holdings in shares of General Finance by 13.5% in the 4th quarter. Bank of America Corp DE now owns 10,757 shares of the business services provider’s stock valued at $108,000 after buying an additional 1,282 shares during the period. Rhumbline Advisers acquired a new position in shares of General Finance in the 4th quarter valued at about $129,000. Finally, Squarepoint Ops LLC acquired a new position in shares of General Finance in the 4th quarter valued at about $217,000. Institutional investors own 24.25% of the company’s stock.

About General Finance

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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