TAL Education Group (NYSE:TAL) Receives Average Recommendation of “Buy” from Analysts

TAL Education Group (NYSE:TAL) has been assigned a consensus rating of “Buy” from the four analysts that are currently covering the company, MarketBeat reports. Four analysts have rated the stock with a buy rating. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $14.80.

TAL has been the topic of a number of analyst reports. Citigroup dropped their price objective on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating on the stock in a report on Monday, August 5th. StockNews.com upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, October 28th.

TAL Education Group Stock Performance

TAL Education Group stock opened at $11.68 on Friday. TAL Education Group has a 1 year low of $7.34 and a 1 year high of $15.52. The firm’s 50-day moving average is $9.78 and its 200-day moving average is $10.49. The company has a market cap of $7.06 billion, a P/E ratio of 106.14 and a beta of 0.04.

TAL Education Group (NYSE:TAL) last issued its earnings results on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $619.36 million for the quarter, compared to analysts’ expectations of $609.51 million. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. During the same quarter last year, the company posted $0.06 earnings per share. As a group, sell-side analysts predict that TAL Education Group will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd acquired a new stake in shares of TAL Education Group during the second quarter worth $35,429,000. Krane Funds Advisors LLC raised its holdings 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 worth $206,289,000 after buying an additional 1,749,438 shares during the period. Yong Rong HK Asset Management Ltd acquired a new stake in TAL Education Group during the 3rd quarter worth about $19,413,000. Point72 Asset Management L.P. purchased a new stake in TAL Education Group during the second quarter valued at about $17,476,000. Finally, National Bank of Canada FI boosted its holdings in shares of TAL Education Group by 73.4% in the first quarter. National Bank of Canada FI now owns 3,257,700 shares of the company’s stock worth $36,975,000 after buying an additional 1,379,500 shares during the period. Institutional investors own 37.79% of the company’s stock.

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.