TAL International Group Inc. (TAL) Stock Price Up 6.2%
TAL International Group Inc. (NYSE:TAL) rose 6.2% during mid-day trading on Tuesday . The company traded as high as $16.50 and last traded at $16.50, with a volume of 302,823 shares. The stock had previously closed at $15.54.
TAL has been the topic of a number of analyst reports. Zacks Investment Research upgraded TAL International Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 30th. Cowen and Company reiterated a “market perform” rating and set a $17.00 price objective (up previously from $12.00) on shares of TAL International Group in a research note on Thursday, April 28th. Finally, JPMorgan Chase & Co. reiterated a “hold” rating and set a $15.00 price objective on shares of TAL International Group in a research note on Monday, May 2nd. One equities research 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. The stock currently has a consensus rating of “Hold” and an average price target of $17.00.
The firm has a market cap of $504.03 million and a price-to-earnings ratio of 7.35. The firm has a 50-day moving average price of $14.11 and a 200-day moving average price of $13.50.
TAL International Group (NYSE:TAL) last announced its quarterly earnings data 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 business earned $149.22 million during the quarter, compared to analysts’ expectations of $145 million. During the same period in the previous year, the business earned $0.79 earnings per share. The business’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts anticipate that TAL International Group Inc. will post $1.49 earnings per share for the current fiscal year.
The company also recently disclosed a dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 8th were paid a $0.54 dividend. The ex-dividend date was Wednesday, June 15th.
A number of large investors have recently made changes to their positions in TAL. Foresters Investment Management Company Inc. boosted 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. PARK CIRCLE Co boosted 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. Finally, GSA Capital Partners LLP boosted 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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