TAL Education Group (TAL) Given Average Recommendation of “Buy” by Analysts
Shares of TAL Education Group (NYSE:TAL) have earned a consensus recommendation of “Buy” from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $147.14.
Several analysts have recently weighed in on the stock. Jefferies Group LLC reiterated a “buy” rating on shares of TAL Education Group in a research report on Tuesday, April 18th. Citigroup Inc. began coverage on shares of TAL Education Group in a research report on Tuesday, July 18th. They issued a “neutral” rating and a $150.00 price target on the stock. Benchmark Co. began coverage on shares of TAL Education Group in a research report on Tuesday, April 18th. They issued a “buy” rating and a $135.00 price target on the stock. UBS AG began coverage on shares of TAL Education Group in a research report on Tuesday. They issued a “buy” rating on the stock. Finally, Zacks Investment Research downgraded shares of TAL Education Group from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd.
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A number of hedge funds have recently bought and sold shares of TAL. Aperio Group LLC acquired a new position in TAL Education Group during the second quarter worth $7,426,000. Parametrica Management Ltd acquired a new position in TAL Education Group during the second quarter worth $486,000. Insight Capital Research & Management Inc. acquired a new position in TAL Education Group during the second quarter worth $755,000. Sit Investment Associates Inc. acquired a new position in TAL Education Group during the second quarter worth $795,000. Finally, TB Alternative Assets Ltd. acquired a new position in TAL Education Group during the second quarter worth $63,729,000. 57.61% of the stock is currently owned by hedge funds and other institutional investors.
TAL Education Group (TAL) traded up 1.94% during trading on Friday, reaching $161.00. 528,523 shares of the company’s stock were exchanged. TAL Education Group has a 1-year low of $57.63 and a 1-year high of $161.08. The company’s 50-day moving average is $132.39 and its 200-day moving average is $110.17. The company has a market capitalization of $13.26 billion, a PE ratio of 110.35 and a beta of 0.26. TAL Education Group shares are set to split on Wednesday, August 16th. The 6-1 split was announced on Friday, January 1st. The newly minted shares will be payable to shareholders after the closing bell on Tuesday, August 15th.
TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.16. TAL Education Group had a net margin of 11.14% and a return on equity of 19.47%. The company had revenue of $321.90 million for the quarter, compared to analyst estimates of $306.46 million. The firm’s quarterly revenue was up 65.0% compared to the same quarter last year. Equities research analysts expect that TAL Education Group will post $1.99 earnings per share for the current fiscal year.
About TAL Education Group
TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.
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