TAL International Group Receives Consensus Rating of “Hold” from Analysts (NYSE:TAL)
TAL International Group (NYSE:TAL) has earned a consensus rating of “Hold” from the twelve analysts that are covering the stock, StockRatingsNetwork reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $48.13.
TAL International Group (NYSE:TAL) opened at 44.20 on Wednesday. TAL International Group has a 52 week low of $40.35 and a 52 week high of $57.82. The stock’s 50-day moving average is $44.77 and its 200-day moving average is $43.77. The company has a market cap of $1.486 billion and a price-to-earnings ratio of 11.89. TAL International Group also was the recipient of unusually large options trading activity on Thursday. Traders purchased 6,609 call options on the stock. This is an increase of approximately 1,133% compared to the typical volume of 536 call options.
TAL International Group (NYSE:TAL) last issued its quarterly earnings data 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 last year, the company posted $1.07 earnings per share. TAL International Group’s revenue was down 4.9% compared to the same quarter last year. Analysts expect that TAL International Group will post $3.81 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd will be paid a dividend of $0.72 per share. This represents a $2.88 annualized dividend and a dividend yield of 6.52%. The ex-dividend date is Friday, August 29th.
A number of analysts have recently weighed in on TAL shares. 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.
In other TAL International Group news, SVP Adrian Dunner sold 8,000 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $45.10, for a total value of $360,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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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