TAL Education Group (NYSE:TAL) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of TAL Education Group (NYSE:TAL) have been given a consensus rating of “Moderate Buy” by the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $13.91.

Several equities analysts have weighed in on the company. Zacks Research raised TAL Education Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Wall Street Zen downgraded TAL Education Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Weiss Ratings restated a “hold (c)” rating on shares of TAL Education Group in a research note on Monday. Finally, JPMorgan Chase & Co. raised shares of TAL Education Group from a “neutral” rating to an “overweight” rating and set a $16.00 price target on the stock in a research report on Thursday, October 30th.

Hedge Funds Weigh In On TAL Education Group

Several hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in TAL Education Group by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 17,139,350 shares of the company’s stock worth $226,411,000 after purchasing an additional 290,538 shares in the last quarter. Invesco Ltd. boosted its position in shares of TAL Education Group by 311.0% in the first quarter. Invesco Ltd. now owns 1,628,962 shares of the company’s stock valued at $21,519,000 after acquiring an additional 1,232,654 shares during the period. Nuveen LLC purchased a new position in TAL Education Group during the first quarter valued at approximately $10,888,000. Public Sector Pension Investment Board increased its holdings in TAL Education Group by 18.8% during the 1st quarter. Public Sector Pension Investment Board now owns 155,882 shares of the company’s stock worth $2,059,000 after acquiring an additional 24,700 shares during the period. Finally, Aberdeen Group plc lifted its stake in TAL Education Group by 35.9% in the 1st quarter. Aberdeen Group plc now owns 267,305 shares of the company’s stock worth $3,531,000 after purchasing an additional 70,624 shares in the last quarter. 37.79% of the stock is currently owned by hedge funds and other institutional investors.

TAL Education Group Stock Performance

Shares of TAL stock opened at $11.19 on Wednesday. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 38.57, a P/E/G ratio of 0.69 and a beta of 0.06. TAL Education Group has a 52 week low of $8.50 and a 52 week high of $15.30. The firm’s 50-day simple moving average is $11.44 and its two-hundred day simple moving average is $10.98.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, October 30th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The firm had revenue of $861.35 million during the quarter, compared to the consensus estimate of $819.03 million. TAL Education Group had a net margin of 6.45% and a return on equity of 4.71%. Analysts forecast that TAL Education Group will post 0.2 earnings per share for the current year.

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.