TAL International Group Given Average Recommendation of “Hold” by Brokerages (NYSE:TAL)
TAL International Group (NYSE:TAL) has earned a consensus recommendation of “Hold” from the fifteen brokerages that are presently covering the company, Stock Ratings Network.com reports. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $48.95.
In other TAL International Group news, VP Marc Pearlin sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $42.09, for a total value of $84,180.00. Following the completion of the sale, the vice president now directly owns 35,026 shares of the company’s stock, valued at approximately $1,474,244. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks upgraded shares of TAL International Group from an “underperform” rating to a “neutral” rating in a research note to investors on Monday, January 13th. They now have a $47.50 price target on the stock.
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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