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

TAL Education Group (NYSE:TAL) has been assigned an average rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $13.30.

TAL has been the subject of several analyst reports. HSBC initiated coverage on shares of TAL Education Group in a report on Wednesday, May 29th. They issued a “buy” rating and a $16.00 target price for the company. Citigroup reduced their target price on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Monday, August 5th.

Institutional Investors Weigh In On TAL Education Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its holdings in shares of TAL Education Group by 50.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,550 shares of the company’s stock valued at $45,000 after purchasing an additional 1,191 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of TAL Education Group by 1,375.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock valued at $28,000 after purchasing an additional 2,173 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of TAL Education Group by 2.4% in the first quarter. California State Teachers Retirement System now owns 98,417 shares of the company’s stock valued at $1,117,000 after purchasing an additional 2,315 shares in the last quarter. Public Sector Pension Investment Board grew its holdings in shares of TAL Education Group by 1.6% in the second quarter. Public Sector Pension Investment Board now owns 149,682 shares of the company’s stock valued at $1,597,000 after purchasing an additional 2,400 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of TAL Education Group by 569.8% in the second quarter. Blue Trust Inc. now owns 3,282 shares of the company’s stock valued at $37,000 after purchasing an additional 2,792 shares in the last quarter. 37.79% of the stock is owned by hedge funds and other institutional investors.

TAL Education Group Trading Up 0.5 %

TAL Education Group stock opened at $8.63 on Friday. The firm has a 50 day moving average of $9.99 and a 200 day moving average of $11.57. The firm has a market capitalization of $5.22 billion, a price-to-earnings ratio of -863.00 and a beta of 0.01. TAL Education Group has a 12-month low of $6.24 and a 12-month high of $15.52.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.08. The company had revenue of $414.19 million during the quarter, compared to analyst estimates of $392.39 million. TAL Education Group had a net margin of 3.24% and a return on equity of 1.46%. During the same period in the prior year, the firm posted ($0.07) EPS. On average, analysts predict that TAL Education Group will post 0.1 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.