TAL International Group Price Target Raised to $55.00 at Credit Suisse (TAL)
Stock analysts at Credit Suisse upped their price target on shares of TAL International Group (NYSE:TAL) from $46.00 to $55.00 in a report issued on Friday, Stock Ratings News reports. Credit Suisse’s price objective would suggest a potential upside of 14.65% from the stock’s previous close.
Shares of TAL International Group (NYSE:TAL) traded down 0.44% during mid-day trading on Friday, hitting $47.97. The stock had a trading volume of 299,127 shares. TAL International Group has a one year low of $30.58 and a one 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 issued its quarterly 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 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 declared a quarterly dividend, which is scheduled for Monday, December 23rd. Investors 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 an increase from TAL International Group’s previous quarterly dividend of $0.68.
A number of other analysts have also recently weighed in on TAL. 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. Separately, 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. 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. Ten research analysts have rated the stock with a hold rating and three have issued 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.
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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