StockNews.com Upgrades TAL Education Group (NYSE:TAL) to “Hold”

TAL Education Group (NYSE:TAL) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, UBS Group upped their price objective on shares of TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, TAL Education Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.53.

TAL Education Group Stock Up 5.8 %

Shares of TAL Education Group stock opened at $11.72 on Friday. The company has a market cap of $7.09 billion, a PE ratio of 106.50 and a beta of -0.01. The business has a 50 day moving average price of $9.96 and a 200-day moving average price of $9.81. TAL Education Group has a 52 week low of $7.34 and a 52 week high of $15.52.

TAL Education Group (NYSE:TAL) last posted its earnings results on Thursday, October 24th. The company reported $0.12 EPS for the quarter, topping the consensus estimate 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 firm earned $0.06 EPS. As a group, research analysts anticipate that TAL Education Group will post 0.17 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TAL. Point72 DIFC Ltd purchased a new position in TAL Education Group in the 3rd quarter worth approximately $48,000. EverSource Wealth Advisors LLC grew its position in TAL Education Group by 93.8% in the second quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock worth $45,000 after acquiring an additional 2,186 shares in the last quarter. Blue Trust Inc. increased its stake in TAL Education Group by 134.2% in the third quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock valued at $91,000 after acquiring an additional 4,403 shares during the last quarter. DRW Securities LLC purchased a new stake in TAL Education Group during the third quarter valued at about $128,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in TAL Education Group by 1,298,400.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,985 shares of the company’s stock worth $154,000 after purchasing an additional 12,984 shares during the last quarter. 37.79% of the stock is currently owned by institutional investors.

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.