TAL Education Group (NYSE:TAL) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of TAL Education Group (NYSE:TAL) from a sell rating to a hold rating in a research report released on Monday morning.

Other research analysts also recently issued research reports about the company. HSBC began coverage on TAL Education Group in a report on Wednesday, May 29th. They set a buy rating and a $16.00 price target on the stock. Citigroup cut their price objective on TAL Education Group from $21.30 to $13.40 and set a buy rating on the stock in a research report on Monday. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Moderate Buy and a consensus price target of $13.30.

TAL Education Group Trading Up 4.2 %

TAL opened at $9.11 on Monday. TAL Education Group has a 12 month low of $6.24 and a 12 month high of $15.52. The company has a market cap of $5.51 billion, a P/E ratio of -910.09 and a beta of 0.01. The business’s 50-day moving average price is $10.45 and its 200-day moving average price is $11.74.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.08. TAL Education Group had a return on equity of 1.46% and a net margin of 3.24%. The company had revenue of $414.19 million for the quarter, compared to the consensus estimate of $392.39 million. During the same quarter in the previous year, the business earned ($0.07) EPS. Equities research analysts forecast that TAL Education Group will post 0.06 earnings per share for the current fiscal year.

Institutional Trading of TAL Education Group

Large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in TAL Education Group by 1,375.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock valued at $28,000 after acquiring an additional 2,173 shares in the last quarter. Blue Trust Inc. boosted its position in shares of TAL Education Group by 569.8% in the 2nd quarter. Blue Trust Inc. now owns 3,282 shares of the company’s stock worth $37,000 after purchasing an additional 2,792 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of TAL Education Group by 50.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,550 shares of the company’s stock worth $45,000 after purchasing an additional 1,191 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in shares of TAL Education Group in the 1st quarter worth approximately $47,000. Finally, IPG Investment Advisors LLC bought a new stake in shares of TAL Education Group in the 4th quarter worth approximately $126,000. 37.79% of the stock is owned by institutional investors.

TAL Education Group Company Profile

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