TAL International Group Coverage Initiated at FBR Capital Markets (TAL)
Equities research analysts at FBR Capital Markets assumed coverage on shares of TAL International Group (NYSE:TAL) in a research note issued to investors on Thursday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating and a $50.00 price target on the stock. FBR Capital Markets’ price objective would indicate a potential upside of 5.55% from the stock’s previous close.
TAL International Group (NYSE:TAL) traded up 4.02% on Thursday, hitting $47.37. 349,122 shares of the company’s stock traded hands. TAL International Group has a 1-year low of $30.58 and a 1-year high of $48.76. The stock has a 50-day moving average of $45.30 and a 200-day moving average of $43.02. The company has a market cap of $1.586 billion and a price-to-earnings ratio of 10.69.
TAL International Group (NYSE:TAL) last announced its earnings results on Wednesday, July 24th. The company reported $1.66 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $1.00 earnings per share. TAL International Group’s revenue was up 14.6% compared to the same quarter last year. Analysts expect that TAL International Group will post $4.34 EPS for the current fiscal year.
TAL has been the subject of a number of other recent research reports. Analysts at SunTrust upgraded shares of TAL International Group from a “neutral” rating to a “buy” rating in a research note to investors on Friday, September 20th. They now have a $55.00 price target on the stock, up previously from $43.00. They noted that the move was a valuation call. Separately, analysts at RBC Capital initiated coverage on shares of TAL International Group in a research note to investors on Wednesday, September 4th. They set a “sector perform” rating on the stock. Finally, analysts at Raymond James downgraded shares of TAL International Group 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. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. TAL International Group presently has an average rating of “Hold” and an average target price of $48.60.
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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