TAL International Group Upgraded by SunTrust to Buy (TAL)
TAL International Group (NYSE:TAL) was upgraded by stock analysts at SunTrust from a “neutral” rating to a “buy” rating in a report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $55.00 target price on the stock, up from their previous target price of $43.00. SunTrust’s target price suggests a potential upside of 16.43% from the company’s current price. The analysts noted that the move was a valuation call.
A number of other firms have also recently commented on TAL. 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 equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $48.44.
Shares of TAL International Group (NYSE:TAL) traded up 2.05% on Friday, hitting $48.21. 129,178 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 $47.45. The stock’s 50-day moving average is $43.19 and its 200-day moving average is $42.71. The company has a market cap of $1.614 billion and a P/E ratio of 11.09.
TAL International Group (NYSE:TAL) last released its 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.
In other TAL International Group news, SVP Adrian Dunner unloaded 2,500 shares of TAL International Group stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $46.12, for a total value of $115,300.00. Following the sale, the senior vice president now directly owns 94,476 shares in the company. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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