UBS Group Issues Positive Forecast for TAL Education Group (NYSE:TAL) Stock Price

TAL Education Group (NYSE:TAL) had its price objective lifted by UBS Group from $16.40 to $17.20 in a research report released on Friday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Separately, StockNews.com cut TAL Education Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15.53.

TAL Education Group Stock Up 5.8 %

Shares of TAL Education Group stock opened at $11.72 on Friday. The firm has a market cap of $7.09 billion, a PE ratio of 106.50 and a beta of -0.01. The business has a 50-day moving average price of $9.96 and a 200 day moving average price of $9.81. TAL Education Group has a twelve month low of $7.34 and a twelve month high of $15.52.

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

Hedge Funds Weigh In On TAL Education Group

A number of institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in TAL Education Group by 2,309.3% in 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 purchasing 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 worth $104,084,000 after purchasing an additional 4,581,100 shares during the period. FMR LLC boosted its stake in shares of TAL Education Group by 82,138.4% in the third quarter. FMR LLC now owns 7,224,647 shares of the company’s stock valued at $85,540,000 after purchasing an additional 7,215,862 shares during the period. TT International Asset Management LTD increased its stake in TAL Education Group by 12.9% during the 4th quarter. TT International Asset Management LTD now owns 4,896,911 shares of the company’s stock worth $49,067,000 after buying an additional 559,110 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in TAL Education Group by 20.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,187,028 shares of the company’s stock worth $44,676,000 after buying an additional 709,845 shares in the last quarter. 37.79% of the stock is owned by hedge funds and other institutional investors.

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.