Recent Investment Analysts’ Ratings Updates for General Finance (GFN)

A number of firms have modified their ratings and price targets on shares of General Finance (NASDAQ: GFN) recently:

• 12/22/2020 – General Finance was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. They now have a $9.50 price target on the stock. According to Zacks, “General Finance Corporation provides mobile storage, liquid containment and modular space solutions. General Finance Corporation is headquartered in Pasadena, California. “
• 12/16/2020 – General Finance was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.75 price target on the stock. According to Zacks, “General Finance Corporation provides mobile storage, liquid containment and modular space solutions. General Finance Corporation is headquartered in Pasadena, California. “
• 12/15/2020 – General Finance was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “General Finance Corporation provides mobile storage, liquid containment and modular space solutions. General Finance Corporation is headquartered in Pasadena, California. “
• 12/10/2020 – General Finance was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $10.00 price target on the stock. According to Zacks, “General Finance Corporation provides mobile storage, liquid containment and modular space solutions. General Finance Corporation is headquartered in Pasadena, California. “
• 12/4/2020 – General Finance was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $9.75 price target on the stock. According to Zacks, “General Finance Corporation provides mobile storage, liquid containment and modular space solutions. General Finance Corporation is headquartered in Pasadena, California. “
• 12/2/2020 – General Finance was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “General Finance Corporation provides mobile storage, liquid containment and modular space solutions. General Finance Corporation is headquartered in Pasadena, California. “
• 12/1/2020 – General Finance was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
• 11/23/2020 – General Finance was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $8.75 price target on the stock. According to Zacks, “General Finance Corporation provides mobile storage, liquid containment and modular space solutions. General Finance Corporation is headquartered in Pasadena, California. “
• 11/21/2020 – General Finance was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “General Finance Corporation provides mobile storage, liquid containment and modular space solutions. General Finance Corporation is headquartered in Pasadena, California. “
• 11/11/2020 – General Finance was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. They now have a $9.50 price target on the stock. According to Zacks, “General Finance Corporation provides mobile storage, liquid containment and modular space solutions. General Finance Corporation is headquartered in Pasadena, California. “

Shares of NASDAQ GFN traded down $0.01 during trading hours on Thursday, reaching $8.69. 4,304 shares of the stock were exchanged, compared to its average volume of 35,107. The firm has a market capitalization of $262.22 million, a price-to-earnings ratio of 144.83, a P/E/G ratio of 2.22 and a beta of 1.21. The company has a debt-to-equity ratio of 2.67, a quick ratio of 1.01 and a current ratio of 1.29. General Finance Co. has a 52 week low of $4.62 and a 52 week high of $11.24. The stock’s fifty day simple moving average is $8.26 and its 200 day simple moving average is $6.92.

General Finance (NASDAQ:GFN) last posted its quarterly earnings data on Monday, November 9th. The business services provider reported $0.10 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.07. General Finance had a return on equity of 18.87% and a net margin of 1.74%. The firm had revenue of $82.36 million for the quarter, compared to analyst estimates of $76.10 million. Research analysts predict that General Finance Co. will post 0.34 EPS for the current fiscal year.

In other General Finance news, major shareholder Neil Gagnon sold 1,023 shares of the firm’s stock in a transaction on Thursday, December 10th. The stock was sold at an average price of $100.02, for a total transaction of $102,320.46. Following the transaction, the insider now owns 14,183 shares in the company, valued at approximately $1,418,583.66. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 5,760 shares of company stock worth $577,757. Corporate insiders own 29.10% of the company’s stock.

Several hedge funds have recently modified their holdings of GFN. Bank of America Corp DE boosted its holdings in shares of General Finance by 177.5% in the 2nd quarter. Bank of America Corp DE now owns 7,501 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 4,798 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of General Finance during the 1st quarter valued at $81,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of General Finance by 6.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 97,400 shares of the business services provider’s stock valued at $617,000 after acquiring an additional 5,800 shares in the last quarter. Royce & Associates LP boosted its holdings in shares of General Finance by 9.4% during the 3rd quarter. Royce & Associates LP now owns 559,606 shares of the business services provider’s stock valued at $3,542,000 after acquiring an additional 48,192 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of General Finance by 1.4% during the 3rd quarter. BlackRock Inc. now owns 779,642 shares of the business services provider’s stock valued at $4,935,000 after acquiring an additional 10,422 shares in the last quarter. 23.24% of the stock is currently owned by hedge funds and other institutional investors.

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. The company’s portable storage products include storage containers for 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.

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