TAL Education Group (NYSE:TAL) Given Consensus Rating of “Buy” by Brokerages

TAL Education Group (NYSE:TAL) has been assigned a consensus rating of “Buy” from the three ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $14.80.

A number of research firms have weighed in on TAL. Citigroup reduced their price target on TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a research report on Monday, August 5th. StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research report on Monday, October 28th.

Hedge Funds Weigh In On TAL Education Group

Several hedge funds and other institutional investors have recently modified their holdings of TAL. Krane Funds Advisors LLC lifted its holdings in shares of TAL Education Group by 9.9% during the second quarter. Krane Funds Advisors LLC now owns 19,333,575 shares of the company’s stock worth $206,289,000 after purchasing an additional 1,749,438 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of TAL Education Group by 2,309.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,758,735 shares of the company’s stock worth $174,743,000 after buying an additional 14,146,152 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in TAL Education Group by 108.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,790,900 shares of the company’s stock worth $104,084,000 after purchasing an additional 4,581,100 shares during the period. FMR LLC increased its position in TAL Education Group by 82,138.4% in the 3rd quarter. FMR LLC now owns 7,224,647 shares of the company’s stock valued at $85,540,000 after buying an additional 7,215,862 shares in the last quarter. Finally, TT International Asset Management LTD raised its position in shares of TAL Education Group by 12.7% during the third quarter. TT International Asset Management LTD now owns 4,337,801 shares of the company’s stock worth $51,359,000 after purchasing an additional 487,957 shares during the period. Institutional investors own 37.79% of the company’s stock.

TAL Education Group Stock Up 3.6 %

TAL Education Group stock opened at $10.29 on Tuesday. TAL Education Group has a 12-month low of $7.34 and a 12-month high of $15.52. The stock has a 50-day simple moving average of $10.63 and a 200 day simple moving average of $10.13. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 93.55 and a beta of 0.01.

TAL Education Group (NYSE:TAL) last issued its earnings results on Thursday, October 24th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $619.36 million during the quarter, compared to analysts’ expectations of $609.51 million. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. During the same quarter in the previous year, the company posted $0.06 EPS. As a group, sell-side analysts anticipate that TAL Education Group will post 0.17 EPS for the current year.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.