TAL International Group Director Sells $90,560 in Stock (TAL)
TAL International Group (NYSE:TAL) Director Frederic Lindeberg sold 2,000 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $45.28, for a total value of $90,560.00. Following the completion of the transaction, the director now directly owns 25,100 shares of the company’s stock. The sale was disclosed in a 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. TAL International Group presently has an average rating of “Hold” and an average price target of $47.63.
TAL International Group (NYSE:TAL) traded up 0.33% during mid-day trading on Friday, hitting $45.45. The stock had a trading volume of 293,581 shares. TAL International Group has a one year low of $30.58 and a one year high of $46.87. The stock’s 50-day moving average is $42.27 and its 200-day moving average is $42.58. The company has a market cap of $1.522 billion and a price-to-earnings ratio of 10.63.
TAL International Group (NYSE:TAL) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $1.66 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.00 earnings per share. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. Analysts expect that TAL International Group will post $4.34 EPS 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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