TAL International Group Inc. (TAL) Sees Unusually-High Trading Volume
TAL International Group Inc. (NYSE:TAL) saw unusually-high trading volume on Friday . Approximately 685,511 shares changed hands during mid-day trading, an increase of 93% from the previous session’s volume of 354,599 shares.The stock last traded at $14.79 and had previously closed at $13.51.
TAL has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of TAL International Group from a “strong sell” rating to a “hold” rating in a research report on Friday, April 15th. Cowen and Company restated a “market perform” rating and issued a $17.00 price objective (up previously from $12.00) on shares of TAL International Group in a research report on Thursday, April 28th. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $15.00 price objective on shares of TAL International Group in a research report on Monday, May 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $17.00.
The firm’s 50 day moving average price is $14.03 and its 200 day moving average price is $13.54. The company has a market cap of $487.86 million and a PE ratio of 7.11.
TAL International Group (NYSE:TAL) last issued its earnings results on Wednesday, April 27th. The company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.04. The company had revenue of $149.22 million for the quarter, compared to analysts’ expectations of $145 million. During the same period last year, the company posted $0.79 EPS. The business’s revenue was up .2% compared to the same quarter last year. On average, equities research analysts forecast that TAL International Group Inc. will post $1.49 earnings per share for the current fiscal year.
The firm also recently disclosed a dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 8th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Wednesday, June 15th.
A number of institutional investors have added to or reduced their stakes in the stock. Foresters Investment Management Company Inc. raised its position in TAL International Group by 263.6% in the fourth quarter. Foresters Investment Management Company Inc. now owns 842,810 shares of the company’s stock valued at $13,401,000 after buying an additional 611,000 shares during the period. GSA Capital Partners LLP raised its position in TAL International Group by 35.8% in the fourth quarter. GSA Capital Partners LLP now owns 69,620 shares of the company’s stock valued at $1,107,000 after buying an additional 18,342 shares during the period. Finally, PARK CIRCLE Co raised its position in TAL International Group by 97.7% in the fourth quarter. PARK CIRCLE Co now owns 85,000 shares of the company’s stock valued at $1,352,000 after buying an additional 42,000 shares during the period.
TAL International Group, Inc is a lessor of intermodal containers and chassis. The Company leases intermodal transportation equipment, primarily maritime containers and provides maritime container management services through a network of offices, third-party depots and other facilities. The Company operates in two segments: Equipment leasing and Equipment trading.
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