TAL International Group Inc. (TAL) Trading Up 4.5%
Shares of TAL International Group Inc. (NYSE:TAL) were up 4.5% during mid-day trading on Wednesday . The company traded as high as $13.97 and last traded at $13.97, with a volume of 100,661 shares. The stock had previously closed at $13.37.
A number of analysts have recently issued reports on TAL shares. Zacks Investment Research upgraded TAL International Group from a “strong sell” rating to a “hold” rating in a report on Friday, April 15th. Cowen and Company reiterated a “market perform” rating and set a $17.00 target price (up previously from $12.00) on shares of TAL International Group in a report on Thursday, April 28th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and set a $15.00 target price on shares of TAL International Group in a report on Monday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. TAL International Group has an average rating of “Hold” and an average target price of $17.00.
The company’s 50-day moving average is $14.04 and its 200-day moving average is $13.55. The firm has a market capitalization of $448.61 million and a P/E ratio of 6.54.
TAL International Group (NYSE:TAL) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.04. The company earned $149.22 million during the quarter, compared to analysts’ expectations of $145 million. During the same period in the prior year, the company posted $0.79 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. On average, equities analysts anticipate that TAL International Group Inc. will post $1.49 earnings per share for the current year.
The firm also recently disclosed a dividend, which was paid on Wednesday, June 15th. Investors of record on Wednesday, June 8th were paid a $0.54 dividend. The ex-dividend date was Wednesday, June 15th.
A hedge fund recently raised its stake in TAL International Group stock. GSA Capital Partners LLP raised its stake in TAL International Group Inc. (NYSE:TAL) by 35.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,620 shares of the company’s stock after buying an additional 18,342 shares during the period. GSA Capital Partners LLP owned approximately 0.21% of TAL International Group worth $1,107,000 as of its most recent filing with the SEC.
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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