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

Shares of TAL Education Group (NYSE:TAL) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $13.91.

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

Institutional Investors Weigh In On TAL Education Group

Several institutional investors have recently made changes to their positions in TAL. Quarry LP purchased a new position in shares of TAL Education Group in the 3rd quarter valued at about $42,000. Hantz Financial Services Inc. grew its position in TAL Education Group by 572.7% during the third quarter. Hantz Financial Services Inc. now owns 9,666 shares of the company’s stock worth $108,000 after buying an additional 8,229 shares during the period. Brooklyn Investment Group increased its holdings in TAL Education Group by 386.0% in the third quarter. Brooklyn Investment Group now owns 11,080 shares of the company’s stock valued at $124,000 after buying an additional 8,800 shares in the last quarter. Prelude Capital Management LLC acquired a new stake in shares of TAL Education Group during the 3rd quarter valued at approximately $142,000. Finally, PNC Financial Services Group Inc. boosted its stake 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 worth $143,000 after acquiring an additional 2,268 shares in the last quarter. 37.79% of the stock is currently owned by hedge funds and other institutional investors.

TAL Education Group Stock Down 1.9%

TAL opened at $10.82 on Wednesday. TAL Education Group has a 52 week low of $8.50 and a 52 week high of $15.30. The business has a 50 day moving average price of $11.46 and a two-hundred day moving average price of $10.99. The company has a market cap of $6.59 billion, a PE ratio of 37.29, a P/E/G ratio of 0.68 and a beta of 0.06.

TAL Education Group (NYSE:TAL) last announced its 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. TAL Education Group had a return on equity of 4.71% and a net margin of 6.45%.The company had revenue of $861.35 million for the quarter, compared to the consensus estimate of $819.03 million. As a group, sell-side analysts expect that TAL Education Group will post 0.2 EPS for the current fiscal year.

About TAL Education Group

TAL Education Group is a leading provider of after-school tutoring services in China, specializing in K-12 academic instruction. The company offers a range of programs designed to help primary and secondary school students strengthen their core competencies in subjects such as mathematics, English, Chinese language and science. TAL leverages both in-person learning centers and digital platforms to deliver its curriculum, aiming to support student progress through interactive lessons and personalized study plans.

Founded in 2003 and headquartered in Beijing, TAL Education Group has grown into one of China’s largest private education firms.