TAL Education Group (NYSE:TAL) Receives Consensus Rating of “Buy” from Brokerages

TAL Education Group (NYSE:TAL) has received a consensus rating of “Buy” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. Five analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have issued a report on the stock in the last year is $13.73.

TAL has been the topic of several research reports. StockNews.com cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a research report on Monday, October 14th. Citigroup reduced their price target on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating on the stock in a research report on Monday, August 5th.

Institutional Trading of TAL Education Group

A number of large investors have recently made changes to their positions in the stock. Blue Trust Inc. lifted its stake in TAL Education Group by 134.2% in the third quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock worth $91,000 after acquiring an additional 4,403 shares during the period. Vontobel Holding Ltd. lifted its stake in TAL Education Group by 38.5% in the third quarter. Vontobel Holding Ltd. now owns 33,154 shares of the company’s stock worth $393,000 after acquiring an additional 9,218 shares during the period. Tobam lifted its stake in TAL Education Group by 10.4% in the third quarter. Tobam now owns 19,418 shares of the company’s stock worth $230,000 after acquiring an additional 1,832 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in TAL Education Group by 8.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,209,800 shares of the company’s stock worth $44,919,000 after acquiring an additional 321,000 shares during the period. Finally, Point72 Asset Management L.P. purchased a new stake in TAL Education Group in the second quarter worth about $17,476,000. 37.79% of the stock is owned by hedge funds and other institutional investors.

TAL Education Group Price Performance

TAL Education Group stock opened at $10.38 on Monday. The firm’s 50 day moving average price is $9.19 and its 200-day moving average price is $10.53. TAL Education Group has a 1 year low of $7.34 and a 1 year high of $15.52. The stock has a market cap of $6.28 billion, a P/E ratio of 129.77 and a beta of 0.04.

TAL Education Group (NYSE:TAL) last announced its quarterly 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. 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 for the quarter, compared to analysts’ expectations of $392.39 million. During the same quarter in the previous year, the business posted ($0.07) earnings per share. As a group, equities analysts expect that TAL Education Group will post 0.1 EPS for the current year.

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.