Brokerages Set TAL Education Group (NYSE:TAL) Target Price at $12.66

TAL Education Group (NYSE:TAL) has been given an average recommendation of “Hold” by the five analysts that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $12.66.

TAL has been the topic of a number of recent analyst reports. Citigroup lowered shares of TAL Education Group from a “buy” rating to a “neutral” rating and cut their price target for the company from $13.40 to $11.54 in a report on Friday, June 27th. Weiss Ratings reissued a “hold (c-)” rating on shares of TAL Education Group in a research note on Saturday, September 27th.

Hedge Funds Weigh In On TAL Education Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Atlas Capital Advisors Inc. acquired a new position in shares of TAL Education Group in the 1st quarter valued at about $29,000. Headlands Technologies LLC purchased a new stake in TAL Education Group in the 1st quarter worth approximately $99,000. Vontobel Holding Ltd. purchased a new position in shares of TAL Education Group during the 1st quarter valued at $153,000. iA Global Asset Management Inc. increased its stake in shares of TAL Education Group by 68.1% in the first quarter. iA Global Asset Management Inc. now owns 13,303 shares of the company’s stock worth $176,000 after acquiring an additional 5,390 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of TAL Education Group by 19.4% during the second quarter. PNC Financial Services Group Inc. now owns 13,983 shares of the company’s stock worth $143,000 after acquiring an additional 2,268 shares in the last quarter. Hedge funds and other institutional investors own 37.79% of the company’s stock.

TAL Education Group Trading Down 0.9%

NYSE TAL opened at $11.16 on Friday. TAL Education Group has a 1 year low of $8.50 and a 1 year high of $15.30. The company has a market cap of $6.79 billion, a PE ratio of 65.62, a PEG ratio of 1.01 and a beta of 0.12. The stock’s 50-day moving average price is $10.93 and its two-hundred day moving average price is $10.68.

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.