TAL Education Group (NYSE:TAL) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of TAL Education Group (NYSE:TAL) have received a consensus recommendation of “Moderate Buy” from the four brokerages that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $14.80.

A number of brokerages have recently issued reports on TAL. Weiss Ratings raised TAL Education Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Wall Street Zen downgraded TAL Education Group from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Jefferies Financial Group initiated coverage on TAL Education Group in a research note on Friday, July 31st. They issued a “hold” rating on the stock. New Street Research set a $13.60 price target on TAL Education Group in a report on Friday, July 31st. Finally, Zacks Research raised shares of TAL Education Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th.

Insider Activity

In related news, insider Alex Peng sold 30,000 shares of the stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $12.28, for a total transaction of $368,400.00. Following the transaction, the insider directly owned 15,144 shares of the company’s stock, valued at $185,968.32. This represents a 66.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.81% of the stock is owned by insiders.

Institutional Investors Weigh In On TAL Education Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Engineers Gate Manager LP bought a new position in shares of TAL Education Group in the second quarter valued at $1,211,000. Nykredit A S purchased a new stake in TAL Education Group during the second quarter worth about $1,669,000. Raiffeisen Bank International AG raised its position in TAL Education Group by 253.3% in the second quarter. Raiffeisen Bank International AG now owns 79,500 shares of the company’s stock worth $754,000 after acquiring an additional 57,000 shares during the period. Wellington Management Group LLP raised its position in TAL Education Group by 81.0% in the second quarter. Wellington Management Group LLP now owns 1,096,554 shares of the company’s stock worth $10,494,000 after acquiring an additional 490,836 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in TAL Education Group in the second quarter valued at about $2,657,000. 37.79% of the stock is owned by institutional investors.

TAL Education Group Stock Up 1.1%

Shares of NYSE TAL opened at $11.83 on Friday. The company has a market capitalization of $6.55 billion, a PE ratio of 7.35, a P/E/G ratio of 0.81 and a beta of 0.14. TAL Education Group has a twelve month low of $8.88 and a twelve month high of $13.37. The firm has a fifty day simple moving average of $11.52 and a 200 day simple moving average of $10.89.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, July 30th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.46. TAL Education Group had a net margin of 28.43% and a return on equity of 24.55%. The business had revenue of $758.38 million for the quarter, compared to analysts’ expectations of $719.40 million. As a group, equities analysts expect that TAL Education Group will post 1.06 earnings per share for the current fiscal year.

TAL Education Group Company Profile

TAL Education Group (NYSE: TAL) is a Chinese education and technology company that provides learning services, educational content and related products. Its offerings are designed primarily for students and families and include tutoring, academic enrichment, learning applications, educational materials and intelligent learning devices.

Founded in 2003 and headquartered in Beijing, TAL historically built a nationwide network of education centers and online learning platforms serving students in China.