TAL Education Group (NYSE:TAL) has been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $43.75.
TAL has been the topic of a number of research analyst reports. Citigroup lowered shares of TAL Education Group from a “buy” rating to a “neutral” rating in a report on Thursday, September 13th. JPMorgan Chase & Co. lifted their price target on shares of TAL Education Group from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, July 27th. ValuEngine lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Saturday, August 18th. Zacks Investment Research upgraded shares of TAL Education Group from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Wednesday, September 26th. Finally, Macquarie upgraded shares of TAL Education Group from a “neutral” rating to an “outperform” rating in a report on Monday, October 15th.
Large investors have recently bought and sold shares of the stock. Yiheng Capital LLC lifted its holdings in TAL Education Group by 13.9% in the 2nd quarter. Yiheng Capital LLC now owns 2,870,304 shares of the company’s stock worth $105,627,000 after buying an additional 350,000 shares in the last quarter. Voya Investment Management LLC lifted its holdings in TAL Education Group by 29.4% in the 2nd quarter. Voya Investment Management LLC now owns 52,232 shares of the company’s stock worth $1,922,000 after buying an additional 11,852 shares in the last quarter. Natixis acquired a new position in TAL Education Group in the 2nd quarter worth $224,000. Point72 Asia Singapore Pte. Ltd. lifted its holdings in TAL Education Group by 51.9% in the 2nd quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,300 shares of the company’s stock worth $453,000 after buying an additional 4,200 shares in the last quarter. Finally, Global X Management Co LLC lifted its holdings in TAL Education Group by 11.8% in the 2nd quarter. Global X Management Co LLC now owns 510,404 shares of the company’s stock worth $18,783,000 after buying an additional 53,857 shares in the last quarter. Institutional investors and hedge funds own 61.00% of the company’s stock.
Shares of TAL opened at $30.20 on Friday. The firm has a market capitalization of $13.49 billion, a price-to-earnings ratio of 88.82 and a beta of 0.04. TAL Education Group has a fifty-two week low of $21.08 and a fifty-two week high of $47.63.
TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, October 25th. The company reported $0.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.02. The company had revenue of $699.78 million for the quarter. TAL Education Group had a net margin of 11.61% and a return on equity of 16.10%. Equities research analysts expect that TAL Education Group will post 0.45 earnings per share for the current year.
About TAL Education Group
TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.
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