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

TAL Education Group (NYSE:TAL) has earned an average recommendation of “Buy” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $13.30.

TAL has been the subject of a number of recent research reports. Citigroup reduced their price objective on TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a research note on Monday, August 5th. HSBC started coverage on TAL Education Group in a report on Wednesday, May 29th. They issued a “buy” rating and a $16.00 price target for the company. Finally, StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, August 5th.

Institutional Trading of TAL Education Group

Institutional investors have recently modified their holdings of the stock. HCEP Management Ltd increased its stake in 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 purchasing an additional 4,101,330 shares during the period. Point72 Hong Kong Ltd acquired a new position in TAL Education Group in the 2nd quarter valued at about $35,429,000. Krane Funds Advisors LLC increased its position in TAL Education Group by 9.9% in the 2nd quarter. Krane Funds Advisors LLC now owns 19,333,575 shares of the company’s stock valued at $206,289,000 after acquiring an additional 1,749,438 shares during the period. Point72 Asset Management L.P. purchased a new stake in TAL Education Group during the 2nd quarter valued at approximately $17,476,000. Finally, Broad Peak Investment Holdings Ltd. acquired a new stake in TAL Education Group during the 1st quarter worth approximately $17,493,000. Hedge funds and other institutional investors own 37.79% of the company’s stock.

TAL Education Group Trading Down 1.3 %

Shares of NYSE TAL opened at $7.56 on Thursday. TAL Education Group has a 12-month low of $6.81 and a 12-month high of $15.52. The stock’s fifty day simple moving average is $8.97 and its two-hundred day simple moving average is $10.78. The stock has a market capitalization of $4.57 billion, a PE ratio of -755.24 and a beta of 0.02.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. TAL Education Group had a return on equity of 1.46% and a net margin of 3.24%. The business had revenue of $414.19 million for the quarter, compared to the consensus estimate of $392.39 million. During the same period in the prior year, the firm posted ($0.07) earnings per share. On average, equities analysts predict 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.