TAL Education Group (TAL) Receives $26.79 Average PT from Analysts
TAL Education Group (NYSE:TAL) has been assigned an average rating of “Buy” from the fourteen analysts that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and eleven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $26.79.
Several research analysts have weighed in on TAL shares. UBS AG started coverage on TAL Education Group in a research report on Tuesday, August 1st. They set a “buy” rating on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $29.33 price objective on shares of TAL Education Group in a research report on Monday, July 31st. Zacks Investment Research cut TAL Education Group from a “buy” rating to a “hold” rating in a research report on Tuesday. Goldman Sachs Group, Inc. (The) cut TAL Education Group from a “buy” rating to a “neutral” rating and set a $22.17 price objective on the stock. in a research report on Tuesday, May 16th. Finally, Citigroup Inc. started coverage on TAL Education Group in a research report on Tuesday, July 18th. They set a “neutral” rating and a $25.00 price objective on the stock.
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TAL Education Group (NYSE TAL) traded up 1.5228% during midday trading on Tuesday, reaching $30.8934. 1,188,073 shares of the company’s stock were exchanged. The company has a market cap of $15.27 billion, a P/E ratio of 127.1333 and a beta of 0.26. TAL Education Group has a 12 month low of $10.19 and a 12 month high of $32.33. The company has a 50 day moving average price of $27.13 and a 200 day moving average price of $20.65.
TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The firm had revenue of $321.90 million for the quarter, compared to analysts’ expectations of $306.46 million. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The business’s revenue was up 65.0% compared to the same quarter last year. On average, equities analysts anticipate that TAL Education Group will post $0.33 EPS for the current year.
Hedge funds have recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new stake in TAL Education Group during the second quarter valued at about $122,000. Oppenheimer Asset Management Inc. bought a new stake in TAL Education Group during the second quarter valued at about $153,000. Tower Research Capital LLC TRC bought a new stake in TAL Education Group during the second quarter valued at about $154,000. QS Investors LLC bought a new stake in TAL Education Group during the second quarter valued at about $208,000. Finally, Brighton Jones LLC bought a new stake in TAL Education Group during the second quarter valued at about $226,000. 8.63% of the stock is currently owned by institutional investors.
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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