D.A. Davidson Reiterates a Buy Rating on General Finance

By Jason Carr

In a report released yesterday, Brent Thielman from D.A. Davidson reiterated a Buy rating on General Finance (NASDAQ: GFN), with a price target of $6. The company’s shares opened today at $4.20.

According to TipRanks.com, Thielman is a 2-star analyst with an average return of -0.9% and a 41.9% success rate. Thielman covers the Industrial Goods sector, focusing on stocks such as Martin Marietta Materials, Mueller Water Products, and Eagle Materials Inc.

General Finance has an analyst consensus of Moderate Buy.

The company has a one year high of $5.38 and a one year low of $3.50. Currently, General Finance has an average volume of 11.69K.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GFN in relation to earlier this year. Most recently, in June 2013, Neil Gagnon, a Major Shareholder at GFN bought 114,440 shares for a total of $457,760.

General Finance Corp. provides mobile storage, liquid containment and modular space solutions. Its products include office containers, storage containers, freight containers, modular buildings, mobile offices, and portable liquid storage tanks. The company was founded on October 14, 2005 and is headquartered in Pasadena, CA.