UBS Group Forecasts Strong Price Appreciation for TAL Education Group (NYSE:TAL) Stock

TAL Education Group (NYSE:TAL) had its target price upped by analysts at UBS Group from $16.40 to $17.20 in a research note issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 46.82% from the stock’s current price.

Separately, StockNews.com lowered TAL Education Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.53.

TAL Education Group Stock Performance

Shares of NYSE:TAL opened at $11.72 on Friday. The business has a fifty day moving average of $9.96 and a 200-day moving average of $9.81. TAL Education Group has a twelve month low of $7.34 and a twelve month high of $15.52. The firm has a market cap of $7.09 billion, a PE ratio of 106.50 and a beta of -0.01.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. The firm had revenue of $619.36 million during the quarter, compared to analysts’ expectations of $609.51 million. During the same quarter last year, the company posted $0.06 EPS. On average, analysts anticipate that TAL Education Group will post 0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On TAL Education Group

Several large investors have recently bought and sold shares of the business. Blue Trust Inc. raised its position in shares of TAL Education Group by 134.2% during the 3rd 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. Vontobel Holding Ltd. grew its stake in shares of TAL Education Group by 38.5% during the third quarter. Vontobel Holding Ltd. now owns 33,154 shares of the company’s stock worth $393,000 after purchasing an additional 9,218 shares during the period. Tobam increased its holdings in TAL Education Group by 10.4% in the third quarter. Tobam now owns 19,418 shares of the company’s stock valued at $230,000 after purchasing an additional 1,832 shares during the last quarter. AQR Capital Management LLC lifted its stake in 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 buying an additional 3,159 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in TAL Education Group by 8.3% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,209,800 shares of the company’s stock worth $44,919,000 after buying an additional 321,000 shares during the last quarter. 37.79% of the stock is currently owned by institutional investors and hedge funds.

About TAL Education Group

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.