Macquarie Lowers TAL Education Group (TAL) to Neutral

Macquarie lowered shares of TAL Education Group (NYSE:TAL) from an outperform rating to a neutral rating in a research report released on Friday morning, Briefing.com Automated Import reports.

A number of other brokerages have also recently issued reports on TAL. Zacks Investment Research cut shares of TAL Education Group from a buy rating to a hold rating in a research report on Wednesday, March 13th. Morgan Stanley raised shares of TAL Education Group from an equal weight rating to an overweight rating and set a $34.90 target price for the company in a research report on Monday, March 25th. TheStreet raised shares of TAL Education Group from a c+ rating to a b- rating in a research report on Friday, January 25th. ValuEngine raised shares of TAL Education Group from a sell rating to a hold rating in a research report on Friday, March 1st. Finally, Citigroup raised shares of TAL Education Group from a neutral rating to a buy rating in a research report on Wednesday, January 9th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. TAL Education Group has an average rating of Buy and an average target price of $40.15.

TAL stock opened at $35.30 on Friday. TAL Education Group has a one year low of $21.08 and a one year high of $47.63. The firm has a market cap of $20.89 billion, a price-to-earnings ratio of 103.82 and a beta of 0.12.

TAL Education Group (NYSE:TAL) last released its quarterly earnings data on Thursday, January 24th. The company reported $0.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.16. The firm had revenue of $585.99 million during the quarter, compared to analysts’ expectations of $573.90 million. TAL Education Group had a net margin of 14.40% and a return on equity of 18.88%. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.09 earnings per share. On average, equities analysts predict that TAL Education Group will post 0.55 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Segantii Capital Management Ltd bought a new stake in TAL Education Group during the first quarter worth about $1,250,000. American Century Companies Inc. lifted its position in TAL Education Group by 9.4% during the fourth quarter. American Century Companies Inc. now owns 1,227,094 shares of the company’s stock worth $32,739,000 after purchasing an additional 105,355 shares during the period. Norges Bank bought a new stake in TAL Education Group during the fourth quarter worth about $90,314,000. Teacher Retirement System of Texas lifted its position in TAL Education Group by 874.1% during the fourth quarter. Teacher Retirement System of Texas now owns 161,594 shares of the company’s stock worth $4,311,000 after purchasing an additional 145,005 shares during the period. Finally, Ashburton Jersey Ltd lifted its position in TAL Education Group by 7.5% during the fourth quarter. Ashburton Jersey Ltd now owns 23,730 shares of the company’s stock worth $873,000 after purchasing an additional 1,650 shares during the period. 58.80% of the stock is owned by institutional investors.

TAL Education Group Company Profile

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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