TAL International Group Price Target Cut to $46.00 by Analysts at Keefe, Bruyette & Woods (TAL)
Equities research analysts at Keefe, Bruyette & Woods decreased their target price on shares of TAL International Group (NYSE:TAL) from $55.00 to $46.00 in a research note issued to investors on Tuesday, Stock Ratings News reports. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 9.79% from the stock’s previous close.
In other TAL International Group news, VP Marc Pearlin unloaded 2,000 shares of TAL International Group stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $42.09, for a total transaction of $84,180.00. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through this link.
Separately, analysts at Zacks upgraded shares of TAL International Group from an “underperform” rating to a “neutral” rating in a research note on Monday, January 13th. They now have a $47.50 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. TAL International Group presently has a consensus rating of “Hold” and an average target price of $48.28.
Shares of TAL International Group (NYSE:TAL) opened at 41.90 on Tuesday. TAL International Group has a 52 week low of $38.50 and a 52 week high of $57.82. The stock has a 50-day moving average of $46.90 and a 200-day moving average of $47.77. The company has a market cap of $1.403 billion and a price-to-earnings ratio of 10.29.
TAL International Group (NYSE:TAL) last announced its earnings results on Thursday, February 13th. The company reported $0.99 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.01 by $0.02. The company had revenue of $156.40 million for the quarter, compared to the consensus estimate of $157.73 million. During the same quarter last year, the company posted $1.04 earnings per share. TAL International Group’s revenue was up 3.0% compared to the same quarter last year. On average, analysts predict that TAL International Group will post $4.15 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 24th. Investors of record on Monday, March 3rd will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 6.87%. The ex-dividend date is Thursday, February 27th. This is an increase from TAL International Group’s previous quarterly dividend of $0.70.
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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