Insider Selling: Frederic Lindeberg Unloads 3,000 Shares of TAL International Group Stock (TAL)
TAL International Group (NYSE:TAL) Director Frederic Lindeberg sold 3,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $45.15, for a total value of $135,450.00. Following the transaction, the director now directly owns 27,100 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at RBC Capital initiated coverage on shares of TAL International Group (NYSE:TAL) in a research note to investors on Wednesday, September 4th. They set a “sector perform” rating on the stock. Separately, analysts at Raymond James downgraded shares of TAL International Group (NYSE:TAL) from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, July 26th. They now have a $44.00 price target on the stock. Finally, analysts at Merrill Lynch downgraded shares of TAL International Group (NYSE:TAL) from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, July 10th.
Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $47.63.
TAL International Group (NYSE:TAL) traded up 0.11% on Thursday, hitting $45.30. 308,515 shares of the company’s stock traded hands. TAL International Group has a 52-week low of $30.58 and a 52-week high of $46.87. The stock’s 50-day moving average is $42.18 and its 200-day moving average is $42.56. The company has a market cap of $1.517 billion and a price-to-earnings ratio of 10.62.
TAL International Group (NYSE:TAL) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $1.66 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.07 by $0.59. The company had revenue of $139.50 million for the quarter, compared to the consensus estimate of $157.32 million. During the same quarter in the prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue was up 14.6% on a year-over-year basis. On average, analysts predict that TAL International Group will post $4.34 earnings per share for the current fiscal year.
TAL International Group, Inc is a lessor of intermodal containers and chassis. The Company has two segments: Equipment leasing, in which the Company owns, leases and disposes containers and chassis from its lease fleet, as well as manages containers owned by third parties, and Equipment trading, in which the Company purchases containers from shipping line customers, and other sellers of containers, and resells these containers to container traders and users of containers for storage or one-way shipment.
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