TAL Education Group (NYSE:TAL) Given Consensus Recommendation of “Buy” by Brokerages

TAL Education Group (NYSE:TAL) has been assigned an average recommendation of “Buy” from the six research firms that are presently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $13.30.

Several equities analysts recently weighed in on the stock. HSBC began coverage on shares of TAL Education Group in a report on Wednesday, May 29th. They set a “buy” rating and a $16.00 target price on the stock. Citigroup reduced their price objective on TAL Education Group from $21.30 to $13.40 and set a “buy” rating on the stock in a research note on Monday, August 5th. Finally, StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, August 5th.

Institutional Investors Weigh In On TAL Education Group

Several institutional investors have recently bought and sold shares of TAL. Krane Funds Advisors LLC increased its stake in TAL Education Group by 9.9% during the 2nd quarter. Krane Funds Advisors LLC now owns 19,333,575 shares of the company’s stock valued at $206,289,000 after buying an additional 1,749,438 shares during the period. HCEP Management Ltd boosted its holdings in shares of TAL Education Group by 456.4% in the fourth quarter. HCEP Management Ltd now owns 5,000,000 shares of the company’s stock valued at $63,150,000 after acquiring an additional 4,101,330 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of TAL Education Group by 20.4% during the second quarter. The Manufacturers Life Insurance Company now owns 4,187,028 shares of the company’s stock valued at $44,676,000 after acquiring an additional 709,845 shares during the period. Acadian Asset Management LLC lifted its position in TAL Education Group by 40.6% in the first quarter. Acadian Asset Management LLC now owns 4,109,277 shares of the company’s stock worth $46,617,000 after purchasing an additional 1,187,364 shares during the period. Finally, UBS Group AG boosted its stake in TAL Education Group by 5.3% during the 4th quarter. UBS Group AG now owns 3,981,895 shares of the company’s stock valued at $50,291,000 after purchasing an additional 200,331 shares in the last quarter. Institutional investors and hedge funds own 37.79% of the company’s stock.

TAL Education Group Stock Down 0.1 %

NYSE:TAL opened at $8.02 on Friday. The company has a market cap of $4.85 billion, a P/E ratio of -802.00 and a beta of 0.01. The firm’s 50 day moving average is $9.84 and its two-hundred day moving average is $11.48. TAL Education Group has a fifty-two week low of $6.81 and a fifty-two week high of $15.52.

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