Zacks Investment Research Downgrades General Finance (GFN) to Hold

General Finance (NASDAQ:GFN) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, Zacks.com reports.

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 reports about the company. DA Davidson restated a “buy” rating on shares of General Finance in a research report on Monday, February 11th. ValuEngine lowered General Finance from a “buy” rating to a “hold” rating in a research report on Friday, January 25th.



General Finance stock opened at $8.85 on Tuesday. The stock has a market cap of $265.21 million, a PE ratio of 147.50, a P/E/G ratio of 2.27 and a beta of 1.45. General Finance has a 1 year low of $7.75 and a 1 year high of $16.15. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.46 and a quick ratio of 0.96.

General Finance (NASDAQ:GFN) last posted its earnings results on Monday, February 11th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The company had revenue of $97.99 million during the quarter, compared to analyst estimates of $91.70 million. General Finance had a positive return on equity of 8.03% and a negative net margin of 3.85%. Equities analysts forecast that General Finance will post 0.35 EPS for the current year.

Several institutional investors have recently bought and sold shares of GFN. BlackRock Inc. grew its position in shares of General Finance by 32.2% during the 3rd quarter. BlackRock Inc. now owns 646,921 shares of the business services provider’s stock worth $10,318,000 after buying an additional 157,700 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of General Finance in the 4th quarter valued at approximately $1,343,000. Cornercap Investment Counsel Inc. acquired a new position in shares of General Finance in the 1st quarter valued at approximately $954,000. Monarch Partners Asset Management LLC acquired a new position in shares of General Finance in the 1st quarter valued at approximately $654,000. Finally, Deutsche Bank AG grew its position in shares of General Finance by 206.1% in the 4th quarter. Deutsche Bank AG now owns 93,173 shares of the business services provider’s stock valued at $940,000 after purchasing an additional 62,735 shares during the period. Institutional investors own 24.25% 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.

Further Reading: Gross Domestic Product (GDP)

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