TAL Education Group (NYSE:TAL) Price Target Lowered to $78.00 at Benchmark

TAL Education Group (NYSE:TAL) had its target price dropped by equities research analysts at Benchmark from $95.00 to $78.00 in a research note issued on Friday, The Fly reports. The firm presently has a “buy” rating on the stock. Benchmark’s price objective points to a potential upside of 26.54% from the company’s previous close.

TAL has been the subject of several other reports. The Goldman Sachs Group lowered shares of TAL Education Group from a “buy” rating to a “neutral” rating and lifted their target price for the company from $77.00 to $79.00 in a report on Thursday, January 28th. Morgan Stanley lowered their target price on shares of TAL Education Group from $84.00 to $75.00 and set an “overweight” rating for the company in a report on Friday. UBS Group lifted their target price on shares of TAL Education Group from $99.00 to $108.00 and gave the company a “buy” rating in a report on Friday, January 22nd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reiterated a “neutral” rating on shares of TAL Education Group in a report on Monday, March 29th. Finally, Credit Suisse Group lowered shares of TAL Education Group from an “outperform” rating to a “neutral” rating and set a $79.00 target price for the company. in a report on Friday, January 22nd. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. TAL Education Group has an average rating of “Buy” and an average target price of $81.92.

Shares of TAL opened at $61.64 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.19 and a quick ratio of 1.18. TAL Education Group has a one year low of $47.15 and a one year high of $90.96. The company has a 50-day simple moving average of $62.93 and a two-hundred day simple moving average of $71.28. The firm has a market capitalization of $34.94 billion, a PE ratio of 1,233.05, a price-to-earnings-growth ratio of 7.27 and a beta of 0.11.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, April 22nd. The company reported ($0.14) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.18. TAL Education Group had a net margin of 0.93% and a return on equity of 1.32%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period last year, the business posted ($0.10) earnings per share. TAL Education Group’s quarterly revenue was up 58.9% compared to the same quarter last year. Analysts expect that TAL Education Group will post 0.27 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in TAL. HM Payson & Co. purchased a new position in TAL Education Group in the 3rd quarter worth approximately $31,000. CI Investments Inc. grew its position in TAL Education Group by 100.0% in the 4th quarter. CI Investments Inc. now owns 432 shares of the company’s stock worth $31,000 after purchasing an additional 216 shares during the period. Veriti Management LLC bought a new stake in TAL Education Group in the 4th quarter worth approximately $127,000. Majedie Asset Management Ltd grew its position in TAL Education Group by 19.2% in the 4th quarter. Majedie Asset Management Ltd now owns 2,244 shares of the company’s stock worth $161,000 after purchasing an additional 362 shares during the period. Finally, GVO Asset Management Ltd bought a new stake in TAL Education Group in the 4th quarter worth approximately $173,000.

TAL Education Group Company Profile

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. The company 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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Analyst Recommendations for TAL Education Group (NYSE:TAL)

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