TAL International Group Inc. Sets New 1-Year High at $46.87 (TAL)
TAL International Group (NYSE:TAL)’s share price reached a new 52-week high during mid-day trading on Wednesday, Analyst Ratings.Net reports. The stock traded as high as $46.87 and last traded at $46.48, with a volume of 354,949 shares traded. The stock had previously closed at $46.11.
TAL has been the subject of a number of recent research reports. 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 company. TAL International Group presently has a consensus rating of “Hold” and a consensus target price of $47.63.
In other TAL International Group news, SVP Adrian Dunner unloaded 2,500 shares of TAL International Group stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $46.12, for a total value of $115,300.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
TAL International Group has a 1-year low of $30.58 and a 1-year high of $46.87. The stock’s 50-day moving average is $42.99 and its 200-day moving average is $42.67. The company has a market cap of $1.556 billion and a P/E ratio of 10.82.
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 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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