TAL International Group Price Target Raised to $49.00 at Keefe, Bruyette & Woods (TAL)
Stock analysts at Keefe, Bruyette & Woods increased their price target on shares of TAL International Group (NYSE:TAL) from $44.00 to $49.00 in a report issued on Friday, AnalystRatings.Net reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 2.15% from the company’s current price.
TAL International Group (NYSE:TAL) traded down 0.44% during mid-day trading 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 price-to-earnings ratio of 11.31.
TAL International Group (NYSE:TAL) last released its earnings data on Thursday, October 24th. The company reported $1.03 EPS for the quarter, missing the Thomson Reuters 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 last year, the company posted $0.95 earnings per share. TAL International Group’s revenue was up 6.3% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 23rd. Stockholders of record on Monday, December 2nd will be given a dividend of $0.70 per share. This represents a $2.80 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from TAL International Group’s previous quarterly dividend of $0.68.
A number of other firms have also recently commented on TAL. Analysts at Jefferies Group cut their price target on shares of TAL International Group from $46.00 to $44.00 in a research note to investors on Friday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $49.10.
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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