TAL International Group Inc. (TAL) Shares Up 4.5%
TAL International Group Inc. (NYSE:TAL) shares shot 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 research firms have recently issued reports on TAL. 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 research report on Thursday, April 28th. Zacks Investment Research downgraded shares of TAL International Group from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 4th. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $15.00 price target 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 issued a hold rating and one has issued a buy rating to the company’s stock. TAL International Group has a consensus rating of “Hold” and an average target price of $17.00.
The stock has a market cap of $456.53 million and a PE ratio of 6.66. The firm’s 50 day moving average is $14.02 and its 200 day moving average is $13.55.
TAL International Group (NYSE:TAL) last released its quarterly earnings results on Wednesday, April 27th. The company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by $0.04. The firm had revenue of $149.22 million for the quarter, compared to the consensus estimate of $145 million. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the company posted $0.79 earnings per share. Analysts predict that TAL International Group Inc. will post $1.49 earnings per share for the current year.
The company also recently declared a dividend, which was paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 8th were given a $0.54 dividend. The ex-dividend date of this dividend was Wednesday, June 15th.
An institutional investor recently raised its position in TAL International Group stock. GSA Capital Partners LLP boosted its position in shares of TAL International Group Inc. (NYSE:TAL) by 35.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,620 shares of the company’s stock after buying an additional 18,342 shares during the period. GSA Capital Partners LLP owned 0.21% of TAL International Group worth $1,107,000 as of its most recent SEC filing.
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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