TAL International Group Given Consensus Rating of “Hold” by Brokerages (NYSE:TAL)
Shares of TAL International Group (NYSE:TAL) have been given a consensus recommendation of “Hold” by the twelve brokerages that are covering the company, AnalystRatingsNetwork.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $48.13.
In other TAL International Group news, SVP Adrian Dunner unloaded 8,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $45.10, for a total value of $360,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of TAL International Group from a “neutral” rating to an “underperform” rating in a research note on Thursday, July 31st. They now have a $43.00 price target on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of TAL International Group in a research note on Friday, July 25th. They now have a $42.00 price target on the stock, down previously from $43.00. Finally, analysts at Wells Fargo & Co. upgraded shares of TAL International Group from a “market perform” rating to an “outperform” rating in a research note on Monday, July 21st.
Shares of TAL International Group (NYSE:TAL) opened at 46.20 on Wednesday. TAL International Group has a 1-year low of $40.35 and a 1-year high of $57.82. The stock’s 50-day moving average is $44.71 and its 200-day moving average is $43.73. The company has a market cap of $1.553 billion and a P/E ratio of 12.25.
TAL International Group (NYSE:TAL) last announced its earnings results on Wednesday, July 23rd. The company reported $0.95 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.96 by $0.01. The company had revenue of $144.72 million for the quarter, compared to the consensus estimate of $160.80 million. During the same quarter in the prior year, the company posted $1.07 earnings per share. The company’s quarterly revenue was down 4.9% on a year-over-year basis. Analysts expect that TAL International Group will post $3.81 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be given a dividend of $0.72 per share. This represents a $2.88 dividend on an annualized basis and a yield of 6.23%. The ex-dividend date is Friday, August 29th.
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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