General Finance (NASDAQ:GFN) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of General Finance (NASDAQ:GFN) from a hold rating to a buy rating in a research note issued to investors on Monday, Zacks.com reports. The brokerage currently has $7.00 price objective 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 analysts also recently issued research reports about the company. ValuEngine upgraded General Finance from a sell rating to a hold rating in a research report on Thursday, July 30th. TheStreet raised shares of General Finance from a d+ rating to a c- rating in a research report on Wednesday, September 9th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $8.00.

Shares of GFN stock opened at $6.15 on Monday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.26. General Finance has a fifty-two week low of $4.62 and a fifty-two week high of $11.24. The stock has a 50 day moving average price of $6.34 and a two-hundred day moving average price of $6.34. The company 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.

In other news, VP Christopher A. Wilson sold 28,500 shares of General Finance 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 sale, the vice president now owns 166,852 shares of the company’s stock, valued at approximately $996,106.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 27.40% of the company’s stock.

A number of large investors have recently bought and sold shares of GFN. Raymond James Financial Services Advisors Inc. increased its holdings in 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 buying an additional 26,950 shares during the last quarter. State Street Corp boosted its position in shares of General Finance by 12.3% in the first 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 during the period. NorthCoast Asset Management LLC bought a new position in shares of General Finance during the first quarter worth $80,000. Wells Fargo & Company MN increased 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 worth $209,000 after purchasing an additional 10,038 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of General Finance in the first quarter worth about $81,000. 23.47% of the stock is currently owned by institutional investors and hedge funds.

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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