TAL International Group Upgraded by Zacks to “Neutral” (TAL)
TAL International Group (NYSE:TAL) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report issued on Monday. The firm currently has a $45.20 price target on the stock. Zacks‘s price target indicates a potential upside of 2.26% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Macquarie initiated coverage on shares of TAL International Group in a research note on Wednesday, July 9th. They set a “neutral” rating and a $51.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. TAL International Group presently has a consensus rating of “Hold” and an average target price of $48.40.
In other TAL International Group news, SVP Adrian Dunner unloaded 8,000 shares of the company’s stock on the open market 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of TAL International Group (NYSE:TAL) traded down 1.43% on Monday, hitting $44.20. The stock had a trading volume of 405,344 shares. 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 P/E ratio of 11.89.
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 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 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.
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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