TAL International Group Inc. (TAL) Sees Large Volume Increase
Shares of TAL International Group Inc. (NYSE:TAL) saw strong trading volume on Friday . 685,511 shares traded 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.
A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. restated a “hold” rating and issued a $15.00 price target on shares of TAL International Group in a report on Monday, May 2nd. Zacks Investment Research cut shares of TAL International Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 4th. Finally, Cowen and Company restated a “market perform” rating and issued a $17.00 price target (up from $12.00) on shares of TAL International Group in a report on Thursday, April 28th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. TAL International Group currently has an average rating of “Hold” and an average price target of $17.00.
The stock has a 50-day moving average price of $14.03 and a 200-day moving average price of $13.54. The firm has a market capitalization of $487.86 million and a P/E ratio of 7.11.
TAL International Group (NYSE:TAL) last issued its quarterly earnings results on Wednesday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.04. The business had revenue of $149.22 million for the quarter, compared to the consensus estimate of $145 million. During the same quarter in the previous year, the business earned $0.79 EPS. TAL International Group’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts predict that TAL International Group Inc. will post $1.49 earnings per share for the current fiscal year.
The firm also recently declared a dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 8th were paid a dividend of $0.54 per share. The ex-dividend date was Wednesday, June 15th.
A number of hedge funds have modified their holdings of the company. PARK CIRCLE Co raised its stake in shares of TAL International Group by 97.7% in the fourth quarter. PARK CIRCLE Co now owns 85,000 shares of the company’s stock worth $1,352,000 after buying an additional 42,000 shares during the period. Foresters Investment Management Company Inc. raised its stake in shares of 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 worth $13,401,000 after buying an additional 611,000 shares during the period. Finally, GSA Capital Partners LLP raised its stake in shares of TAL International Group by 35.8% in the fourth quarter. GSA Capital Partners LLP now owns 69,620 shares of the company’s stock worth $1,107,000 after buying an additional 18,342 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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