TAL International Group Coverage Initiated by Analysts at FBR & Co. (TAL)
FBR & Co. assumed coverage on shares of TAL International Group (NYSE:TAL) in a research note issued on Thursday, AR Network reports. The firm set a “market perform” rating on the stock.
Shares of TAL International Group (NYSE:TAL) opened at 45.54 on Thursday. TAL International Group has a 1-year low of $30.58 and a 1-year high of $48.76. The stock’s 50-day moving average is $45.30 and its 200-day moving average is $43.02. The company has a market cap of $1.525 billion and a P/E ratio of 10.69.
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. On average, analysts predict that TAL International Group will post $4.34 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at FBR Capital Markets initiated coverage on shares of TAL International Group in a research note to investors on Thursday. They set a “market perform” rating and a $50.00 price target on the stock. Separately, 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. Finally, 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. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. TAL International Group currently has an average rating of “Hold” and an average price target 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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