TAL Education Group (NYSE:TAL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of TAL Education Group (NYSE:TAL) have been assigned an average rating of “Hold” from the four brokerages that are currently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $5.97.

Several research analysts have weighed in on TAL shares. JPMorgan Chase & Co. boosted their price objective on TAL Education Group from $5.40 to $7.00 and gave the stock a “neutral” rating in a research report on Friday, July 21st. StockNews.com assumed coverage on TAL Education Group in a research report on Thursday, August 17th. They set a “sell” rating on the stock.

TAL Education Group Trading Up 0.8 %

Shares of TAL Education Group stock opened at $7.19 on Friday. The stock has a fifty day simple moving average of $6.80 and a 200 day simple moving average of $6.41. TAL Education Group has a 12-month low of $2.81 and a 12-month high of $10.45. The company has a market capitalization of $4.58 billion, a P/E ratio of -34.24 and a beta of 0.03.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, July 27th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.01). TAL Education Group had a negative return on equity of 3.63% and a negative net margin of 12.77%. The company had revenue of $275.44 million for the quarter, compared to the consensus estimate of $266.72 million. On average, analysts predict that TAL Education Group will post -0.13 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TAL. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of TAL Education Group by 135.4% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 244,990 shares of the company’s stock valued at $779,000 after purchasing an additional 140,916 shares during the period. JPMorgan Chase & Co. raised its stake in shares of TAL Education Group by 50.3% during the 1st quarter. JPMorgan Chase & Co. now owns 1,250,049 shares of the company’s stock valued at $3,762,000 after purchasing an additional 418,100 shares during the period. Acadian Asset Management LLC bought a new stake in shares of TAL Education Group during the 1st quarter valued at $140,000. Panagora Asset Management Inc. raised its stake in shares of TAL Education Group by 10.8% during the 1st quarter. Panagora Asset Management Inc. now owns 86,028 shares of the company’s stock valued at $259,000 after purchasing an additional 8,396 shares during the period. Finally, BlackRock Inc. increased its stake in TAL Education Group by 4.1% in the 1st quarter. BlackRock Inc. now owns 19,736,428 shares of the company’s stock worth $59,406,000 after acquiring an additional 780,929 shares during the last quarter. Hedge funds and other institutional investors own 37.29% of the company’s stock.

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.