Brokerages Set TAL Education Group (TAL) PT at $43.75

TAL Education Group (NYSE:TAL) has earned a consensus rating of “Hold” from the ten research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $43.75.

A number of brokerages recently commented on TAL. Zacks Investment Research cut TAL Education Group from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. ValuEngine upgraded TAL Education Group from a “strong sell” rating to a “sell” rating in a report on Friday, October 26th. Nomura lowered their target price on TAL Education Group from $39.00 to $28.00 and set a “neutral” rating for the company in a report on Friday, October 26th. JPMorgan Chase & Co. raised their target price on TAL Education Group from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, July 27th. Finally, Citigroup cut TAL Education Group from a “buy” rating to a “neutral” rating in a report on Thursday, September 13th.

TAL Education Group stock traded down $0.97 during midday trading on Friday, reaching $29.23. 6,356,242 shares of the stock traded hands, compared to its average volume of 7,596,194. TAL Education Group has a 12-month low of $21.08 and a 12-month high of $47.63. The stock has a market capitalization of $14.29 billion, a price-to-earnings ratio of 85.97 and a beta of -0.29.

TAL Education Group (NYSE:TAL) last announced its earnings results on Thursday, October 25th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. TAL Education Group had a return on equity of 16.10% and a net margin of 11.61%. The company had revenue of $699.78 million during the quarter. Equities research analysts anticipate that TAL Education Group will post 0.45 EPS for the current year.

A number of hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB raised its position in TAL Education Group by 2.6% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 58,300 shares of the company’s stock valued at $2,145,000 after purchasing an additional 1,500 shares in the last quarter. KBC Group NV raised its position in TAL Education Group by 7.2% in the 2nd quarter. KBC Group NV now owns 31,444 shares of the company’s stock valued at $1,157,000 after purchasing an additional 2,113 shares in the last quarter. Tower Research Capital LLC TRC raised its position in TAL Education Group by 107.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,581 shares of the company’s stock valued at $169,000 after purchasing an additional 2,368 shares in the last quarter. Standard Life Aberdeen plc raised its position in TAL Education Group by 3.1% in the 2nd quarter. Standard Life Aberdeen plc now owns 85,599 shares of the company’s stock valued at $3,150,000 after purchasing an additional 2,600 shares in the last quarter. Finally, Atria Investments LLC raised its position in TAL Education Group by 19.2% in the 2nd quarter. Atria Investments LLC now owns 16,984 shares of the company’s stock valued at $625,000 after purchasing an additional 2,741 shares in the last quarter. 61.00% of the stock is currently owned by institutional investors.

About TAL Education Group

TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.

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Analyst Recommendations for TAL Education Group (NYSE:TAL)

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