Insider Selling: Kevin Valentine Sells 5,500 Shares of TAL International Group Stock (TAL)
TAL International Group (NYSE:TAL) SVP Kevin Valentine unloaded 5,500 shares of TAL International Group stock on the open market in a transaction dated Monday, January 6th. The stock was sold at an average price of $55.23, for a total value of $303,765.00. Following the sale, the senior vice president now directly owns 23,750 shares in the company, valued at approximately $1,311,713. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of TAL International Group (NYSE:TAL) traded down 1.70% during mid-day trading on Tuesday, hitting $53.09. The stock had a trading volume of 681,379 shares. TAL International Group has a 52 week low of $36.92 and a 52 week high of $57.82. The stock has a 50-day moving average of $54.24 and a 200-day moving average of $47.27. The company has a market cap of $1.778 billion and a P/E ratio of 12.39.
TAL International Group (NYSE:TAL) last posted its quarterly earnings results 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. Analysts expect that TAL International Group will post $4.17 EPS for the current fiscal year.
A number of research firms have recently commented on TAL. Analysts at Zacks downgraded shares of TAL International Group from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, November 5th. They now have a $47.40 price target on the stock. Separately, analysts at Cowen and Company downgraded shares of TAL International Group from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, October 29th. They noted that the move was a valuation call. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of TAL International Group from $44.00 to $49.00 in a research note to investors on Friday, October 25th. They now have a “market perform” rating on the stock. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $48.95.
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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