Brokerages Set TAL Education Group (NYSE:TAL) Target Price at $13.91

Shares of TAL Education Group (NYSE:TAL) have received an average recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $13.91.

Several research analysts have issued reports on TAL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of TAL Education Group in a report on Wednesday, November 19th. JPMorgan Chase & Co. raised TAL Education Group from a “neutral” rating to an “overweight” rating and set a $16.00 target price on the stock in a research report on Thursday, October 30th. Zacks Research raised shares of TAL Education Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Finally, Wall Street Zen upgraded shares of TAL Education Group from a “hold” rating to a “buy” rating in a research note on Saturday.

Hedge Funds Weigh In On TAL Education Group

Hedge funds have recently added to or reduced their stakes in the stock. Jain Global LLC bought a new position in shares of TAL Education Group in the third quarter valued at approximately $766,000. Caisse de depot et placement du Quebec purchased a new stake in TAL Education Group in the 3rd quarter valued at $1,659,000. Man Group plc raised its position in TAL Education Group by 1,253.5% in the 3rd quarter. Man Group plc now owns 314,967 shares of the company’s stock valued at $3,528,000 after buying an additional 291,697 shares during the last quarter. Brooklyn Investment Group lifted its stake in TAL Education Group by 386.0% during the 3rd quarter. Brooklyn Investment Group now owns 11,080 shares of the company’s stock valued at $124,000 after acquiring an additional 8,800 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in TAL Education Group during the 3rd quarter worth $989,000. Institutional investors and hedge funds own 37.79% of the company’s stock.

TAL Education Group Trading Up 1.4%

NYSE:TAL opened at $11.10 on Friday. TAL Education Group has a 12 month low of $8.50 and a 12 month high of $15.30. The stock has a market capitalization of $6.76 billion, a price-to-earnings ratio of 38.26, a PEG ratio of 0.67 and a beta of 0.09. The firm has a fifty day simple moving average of $11.43 and a two-hundred day simple moving average of $10.90.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data 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 firm had revenue of $861.35 million for the quarter, compared to analyst estimates of $819.03 million. TAL Education Group had a net margin of 6.45% and a return on equity of 4.71%. Equities analysts predict that TAL Education Group will post 0.2 earnings per share for the current fiscal year.

TAL Education Group Company Profile

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.