Shares of TAL Education Group (NYSE:TAL – Get Free Report) 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 %
TAL Education Group (NYSE:TAL – Get Free Report) 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.
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