TAL International Group Price Target Cut to $44.00 (TAL)
Investment analysts at Jefferies Group dropped their target price on shares of TAL International Group (NYSE:TAL) from $46.00 to $44.00 in a note issued to investors on Friday, Analyst Ratings Net reports. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target would indicate a potential downside of 8.28% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse raised their price target on shares of TAL International Group from $46.00 to $55.00 in a research note to investors on Friday. Separately, analysts at FBR & Co. initiated coverage on shares of TAL International Group in a research note to investors on Thursday, October 10th. They set a “market perform” rating on the stock. Finally, analysts at FBR Capital Markets initiated coverage on shares of TAL International Group in a research note to investors on Thursday, October 10th. They set a “market perform” rating and a $50.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $49.10.
Shares of TAL International Group (NYSE:TAL) traded down 0.44% on Friday, hitting $47.97. 299,127 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 $46.87. The stock’s 50-day moving average is $42.39 and its 200-day moving average is $42.60. The company has a market cap of $1.606 billion and a P/E ratio of 11.31.
TAL International Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, October 24th. The company reported $1.03 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.10 by $0.07. The company had revenue of $158.40 million for the quarter, compared to the consensus estimate of $165.95 million. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 6.3% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 23rd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 5.84%. The ex-dividend date is Wednesday, November 27th. This is a positive change from TAL International Group’s previous quarterly dividend of $0.68.
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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