TAL Education Group (NYSE:TAL) Receives $13.30 Consensus Target Price from Brokerages

Shares of TAL Education Group (NYSE:TAL) have been given a consensus recommendation of “Buy” by the six ratings firms that are presently covering the company, MarketBeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $13.30.

A number of research analysts have recently weighed in on the stock. HSBC assumed coverage on shares of TAL Education Group in a research note on Wednesday, May 29th. They set a “buy” rating and a $16.00 price objective for the company. Citigroup dropped their price objective on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a research note on Monday, August 5th. Finally, StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, August 5th.

TAL Education Group Stock Down 1.5 %

Shares of NYSE:TAL opened at $8.06 on Thursday. The company has a market cap of $4.87 billion, a P/E ratio of -806.00 and a beta of 0.02. TAL Education Group has a 52 week low of $6.81 and a 52 week high of $15.52. The company has a 50-day moving average price of $8.87 and a 200 day moving average price of $10.71.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.08. TAL Education Group had a net margin of 3.24% and a return on equity of 1.46%. The company had revenue of $414.19 million during the quarter, compared to the consensus estimate of $392.39 million. During the same period last year, the firm earned ($0.07) EPS. Analysts expect that TAL Education Group will post 0.1 EPS for the current year.

Institutional Trading of TAL Education Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of TAL Education Group by 1,375.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock valued at $28,000 after acquiring an additional 2,173 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of TAL Education Group by 2.4% during the 1st quarter. California State Teachers Retirement System now owns 98,417 shares of the company’s stock valued at $1,117,000 after acquiring an additional 2,315 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in shares of TAL Education Group by 1.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 149,682 shares of the company’s stock valued at $1,597,000 after acquiring an additional 2,400 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of TAL Education Group by 569.8% during the 2nd quarter. Blue Trust Inc. now owns 3,282 shares of the company’s stock valued at $37,000 after acquiring an additional 2,792 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its holdings in shares of TAL Education Group by 0.8% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 369,300 shares of the company’s stock valued at $4,192,000 after acquiring an additional 2,800 shares in the last quarter. 37.79% of the stock is owned by hedge funds and other institutional investors.

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.