TAL Education Group (NYSE:TAL) Receives $14.80 Average Target Price from Analysts

Shares of TAL Education Group (NYSE:TAL) have been assigned an average rating of “Buy” from the three ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $14.80.

Separately, StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, October 28th.

Institutional Investors Weigh In On TAL Education Group

A number of large investors have recently modified their holdings of the business. Driehaus Capital Management LLC acquired a new stake in shares of TAL Education Group in the second quarter valued at approximately $1,407,000. Scientech Research LLC purchased a new stake in TAL Education Group in the 2nd quarter valued at $834,000. EverSource Wealth Advisors LLC increased its stake in shares of TAL Education Group by 93.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock worth $45,000 after acquiring an additional 2,186 shares during the last quarter. SIH Partners LLLP purchased a new position in shares of TAL Education Group during the 2nd quarter worth $313,000. Finally, Point72 Hong Kong Ltd acquired a new position in shares of TAL Education Group during the 2nd quarter valued at about $35,429,000. Hedge funds and other institutional investors own 37.79% of the company’s stock.

TAL Education Group Stock Performance

TAL stock opened at $9.66 on Friday. TAL Education Group has a one year low of $7.34 and a one year high of $15.52. The firm’s fifty day moving average is $10.34 and its 200 day moving average is $9.92. The firm has a market cap of $5.84 billion, a PE ratio of 87.82 and a beta of 0.01.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The company had revenue of $619.36 million for the quarter, compared to analyst estimates of $609.51 million. During the same period last year, the company earned $0.06 earnings per share. Research analysts predict that TAL Education Group will post 0.17 earnings per share for the current fiscal 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.