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

Shares of TAL Education Group (NYSE:TAL) have received an average rating of “Buy” from the three analysts that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $14.80.

Separately, StockNews.com lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th.

Hedge Funds Weigh In On TAL Education Group

A number of hedge funds have recently made changes to their positions in the business. Tobam boosted its holdings in TAL Education Group by 10.4% in the 3rd 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. AQR Capital Management LLC boosted its stake in shares of TAL Education Group by 1.3% in the second quarter. AQR Capital Management LLC now owns 253,624 shares of the company’s stock valued at $2,706,000 after purchasing an additional 3,159 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in TAL Education Group by 8.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,209,800 shares of the company’s stock valued at $44,919,000 after purchasing an additional 321,000 shares in the last quarter. MBB Public Markets I LLC acquired a new stake in TAL Education Group during the 2nd quarter valued at $308,000. Finally, Public Sector Pension Investment Board increased its stake in TAL Education Group by 1.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 149,682 shares of the company’s stock worth $1,597,000 after buying an additional 2,400 shares during the period. Hedge funds and other institutional investors own 37.79% of the company’s stock.

TAL Education Group Price Performance

Shares of NYSE:TAL opened at $9.27 on Wednesday. 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 $9.91 and its two-hundred day moving average is $9.81. The firm has a market capitalization of $5.60 billion, a PE ratio of 84.23 and a beta of -0.01.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $619.36 million for the quarter, compared to analyst estimates of $609.51 million. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. During the same quarter last year, the company earned $0.06 EPS. Analysts expect that TAL Education Group will post 0.17 EPS 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.