TAL Education Group (NYSE:TAL) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of TAL Education Group (NYSE:TAL) from a neutral rating to an overweight rating in a research report released on Thursday morning, MarketBeat Ratings reports. They currently have $16.00 target price on the stock.

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of TAL Education Group in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, TAL Education Group currently has an average rating of “Hold” and a consensus target price of $13.91.

TAL Education Group Price Performance

Shares of TAL stock opened at $12.27 on Thursday. The business has a fifty day moving average of $11.17 and a 200 day moving average of $10.66. TAL Education Group has a 1 year low of $8.50 and a 1 year high of $15.30. The firm has a market capitalization of $7.47 billion, a price-to-earnings ratio of 42.29, a price-to-earnings-growth ratio of 1.11 and a beta of 0.12.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $861.35 million for the quarter, compared to the consensus estimate of $819.03 million. TAL Education Group had a return on equity of 4.62% and a net margin of 6.45%. As a group, equities research analysts expect that TAL Education Group will post 0.2 earnings per share for the current year.

Institutional Trading of TAL Education Group

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

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.