Insider Selling: Marc Pearlin Sells 2,000 Shares of TAL International Group Stock (TAL)
TAL International Group (NYSE:TAL) VP Marc Pearlin sold 2,000 shares of the stock on the open market in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $53.00, for a total transaction of $106,000.00. Following the sale, the vice president now directly owns 31,026 shares in the company, valued at approximately $1,644,378. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
TAL International Group (NYSE:TAL) traded down 7.21% during mid-day trading on Wednesday, hitting $49.26. The stock had a trading volume of 2,269,359 shares. TAL International Group has a 52-week low of $37.00 and a 52-week high of $57.82. The stock’s 50-day moving average is $54.22 and its 200-day moving average is $47.36. The company has a market cap of $1.650 billion and a P/E ratio of 12.18.
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 previous year, the company posted $0.95 earnings per share. The company’s revenue for the quarter 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.
TAL has been the subject of a number of recent research reports. 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 assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus 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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