Analysts Set TAL Education Group (NYSE:TAL) Target Price at $14.80

TAL Education Group (NYSE:TAL) has been assigned a consensus rating of “Buy” from the three analysts that are covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokerages that have covered the stock in the last year is $14.80.

Separately, StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research report on Monday, October 28th.

TAL Education Group Stock Up 5.9 %

Shares of TAL stock opened at $10.74 on Tuesday. The company has a 50 day moving average price of $10.68 and a 200-day moving average price of $10.06. TAL Education Group has a 52 week low of $7.34 and a 52 week high of $15.52. The firm has a market capitalization of $6.50 billion, a PE ratio of 97.64 and a beta of 0.01.

TAL Education Group (NYSE:TAL) last issued its earnings results on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The company 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 company posted $0.06 earnings per share. Analysts anticipate that TAL Education Group will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of TAL. TT International Asset Management LTD raised its holdings in TAL Education Group by 12.7% in the 3rd quarter. TT International Asset Management LTD now owns 4,337,801 shares of the company’s stock worth $51,359,000 after purchasing an additional 487,957 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in TAL Education Group in the third quarter worth about $25,545,000. Y Intercept Hong Kong Ltd bought a new position in shares of TAL Education Group in the third quarter worth about $1,723,000. XTX Topco Ltd purchased a new position in shares of TAL Education Group during the 3rd quarter valued at about $233,000. Finally, National Bank of Canada FI grew its stake in shares of TAL Education Group by 46.7% during the 3rd quarter. National Bank of Canada FI now owns 3,736,300 shares of the company’s stock valued at $44,238,000 after acquiring an additional 1,189,400 shares during the period. Hedge funds and other institutional investors own 37.79% of the company’s stock.

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.