TAL International Group (TAL) was Reiterated by Cowen to “Market Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 17 from a previous price target of $12 . Cowen advised their investors in a research report released on Apr 28, 2016.
Many Wall Street Analysts have commented on TAL International Group. Shares were Reiterated by Cowen on Feb 25, 2016 to “Market Perform” and Lowered the Price Target to $ 12 from a previous price target of $14 .
On the company’s financial health, TAL International Group reported $0.25 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $0.44. The company had revenue of $149.20 million for the quarter, compared to analysts expectations of $157.99 million. The company’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.79 EPS.
TAL International Group opened for trading at $15.8 and hit $16.21 on the upside on Wednesday, eventually ending the session at $15.99, with a gain of 0.57% or 0.09 points. The heightened volatility saw the trading volume jump to 3,53,639 shares. Company has a market cap of $534 M.
In a different news, on Mar 10, 2015, Michelle Gallagher (VP,Controller, Principal Acct.) sold 1,750 shares at $45.07 per share price. According to the SEC, on Jan 5, 2015, Kevin Valentine (Senior Vice President) sold 2,250 shares at $42.66 per share price.
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. The Company’s equipment leasing operations include the acquisition leasing re-leasing and sale of types of intermodal transportation equipment primarily intermodal containers. The Company leases five types of equipment which include dry freight containers refrigerated containers special containers tank containers and chassis. Through its operating network the Company purchases containers from shipping line customers and other sellers of containers and resell these containers to retailers and users. The Company owned fleet included approximately 2752948 cost equivalent units (CEU).