Brokerages Set TAL Education Group (NYSE:TAL) PT at $14.80

Shares of TAL Education Group (NYSE:TAL) have earned an average recommendation of “Buy” from the four analysts that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $14.80.

A number of research firms have recently commented on TAL. StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. Citigroup dropped their target price on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating on the stock in a report on Monday, August 5th.

Hedge Funds Weigh In On TAL Education Group

Several large investors have recently bought and sold shares of the stock. Krane Funds Advisors LLC grew its position in TAL Education Group by 9.9% in the 2nd quarter. Krane Funds Advisors LLC now owns 19,333,575 shares of the company’s stock worth $206,289,000 after purchasing an additional 1,749,438 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in TAL Education Group by 2,309.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,758,735 shares of the company’s stock valued at $174,743,000 after acquiring an additional 14,146,152 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in TAL Education Group by 108.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,790,900 shares of the company’s stock valued at $104,084,000 after acquiring an additional 4,581,100 shares during the period. FMR LLC raised its holdings in TAL Education Group by 82,138.4% in the 3rd quarter. FMR LLC now owns 7,224,647 shares of the company’s stock valued at $85,540,000 after acquiring an additional 7,215,862 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of TAL Education Group by 20.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,187,028 shares of the company’s stock worth $44,676,000 after acquiring an additional 709,845 shares during the period. 37.79% of the stock is currently owned by institutional investors and hedge funds.

TAL Education Group Price Performance

NYSE TAL opened at $9.45 on Friday. TAL Education Group has a fifty-two week low of $7.34 and a fifty-two week high of $15.52. The stock’s 50-day moving average is $10.05 and its two-hundred day moving average is $10.42. The firm has a market cap of $5.72 billion, a P/E ratio of 86.73 and a beta of 0.04.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The business had revenue of $619.36 million for the quarter, compared to analyst estimates of $609.51 million. During the same quarter in the prior year, the firm posted $0.06 EPS. On average, equities analysts expect that TAL Education Group will post 0.17 EPS for the current 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.