TAL International Group Inc. Reaches New 12-Month High at $48.93 (TAL)
TAL International Group (NYSE:TAL)’s share price reached a new 52-week high during trading hours on Monday, Analyst Ratings.Net reports. The company traded as high as $48.93 and last traded at $48.87, with a volume of 189,398 shares traded. The stock had previously closed at $48.07.
TAL has been the subject of a number of recent research reports. Analysts at FBR & Co. initiated coverage on shares of TAL International Group in a research note to investors on Thursday. They set a “market perform” rating on the stock. Separately, 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. Finally, 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. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. TAL International Group currently has a consensus rating of “Hold” and an average price target of $48.60.
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 $45.60 and its 200-day moving average is $43.07. The company has a market cap of $1.641 billion and a P/E ratio of 11.28.
TAL International Group (NYSE:TAL) last issued its quarterly earnings data 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 prior year, the company posted $1.00 earnings per share. The company’s quarterly revenue 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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