Stock Traders Purchase Large Volume of Put Options on TAL International Group (TAL)
Shares of TAL International Group (NYSE:TAL) was the target of some unusual options trading activity on Friday. Stock investors purchased 10,152 put options on the company, AnalystRatings.NET reports. This is an increase of approximately 462% compared to the average volume of 1,805 put options.
In other TAL International Group news, VP Marc Pearlin unloaded 2,000 shares of TAL International Group stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $53.00, for a total value of $106,000.00. Following the completion of the transaction, the vice president now directly owns 31,026 shares of the company’s stock, valued at approximately $1,644,378. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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 equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $48.95.
TAL International Group (NYSE:TAL) traded down 0.87% on Friday, hitting $46.55. The stock had a trading volume of 1,502,322 shares. TAL International Group has a 52 week low of $37.65 and a 52 week high of $57.82. The stock has a 50-day moving average of $53.94 and a 200-day moving average of $47.37. The company has a market cap of $1.559 billion and a price-to-earnings ratio of 10.77.
TAL International Group (NYSE:TAL) last released its earnings data on Thursday, October 24th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the 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. On average, analysts predict that TAL International Group will post $4.17 earnings per share for the current fiscal year.
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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