TAL Education Group (NYSE:TAL) Price Target Lowered to $16.00 at JPMorgan Chase & Co.

TAL Education Group (NYSE:TAL) had its price target trimmed by JPMorgan Chase & Co. from $17.00 to $16.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

A number of other research analysts also recently weighed in on the company. UBS Group increased their price target on TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a research note on Friday, January 24th. StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a report on Friday, January 24th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.65.

TAL Education Group Price Performance

TAL opened at $9.99 on Monday. The firm has a 50 day simple moving average of $12.60 and a 200 day simple moving average of $11.33. TAL Education Group has a fifty-two week low of $7.35 and a fifty-two week high of $15.30. The company has a market cap of $6.04 billion, a price-to-earnings ratio of 52.58 and a beta of 0.03.

Hedge Funds Weigh In On TAL Education Group

A number of hedge funds and other institutional investors have recently made changes to their positions in TAL. Cornerstone Investment Partners LLC acquired a new stake in TAL Education Group during the 4th quarter worth $205,000. New York State Common Retirement Fund bought a new stake in shares of TAL Education Group in the fourth quarter worth about $1,991,000. Veritas Asset Management LLP acquired a new stake in shares of TAL Education Group during the fourth quarter worth about $432,000. RWC Asset Management LLP lifted its holdings in shares of TAL Education Group by 3.0% during the 4th quarter. RWC Asset Management LLP now owns 93,784 shares of the company’s stock valued at $940,000 after purchasing an additional 2,726 shares in the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of TAL Education Group by 13.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 63,555 shares of the company’s stock valued at $621,000 after purchasing an additional 7,749 shares during the period. 37.79% of the stock is owned by institutional investors.

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.