TAL Education Group (NYSE:TAL) Given Average Rating of “Hold” by Analysts

TAL Education Group (NYSE:TAL) has been assigned a consensus recommendation of “Hold” from the five analysts that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $13.91.

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. raised TAL Education Group from a “neutral” rating to an “overweight” rating and set a $16.00 price objective for the company in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of TAL Education Group in a report on Wednesday, October 8th.

Hedge Funds Weigh In On TAL Education Group

A number of large investors have recently bought and sold shares of the business. Aspex Management HK Ltd raised its holdings in TAL Education Group by 52.0% in the 2nd quarter. Aspex Management HK Ltd now owns 21,586,517 shares of the company’s stock worth $220,614,000 after purchasing an additional 7,388,698 shares during the period. Krane Funds Advisors LLC raised its holdings in TAL Education Group by 5.4% in the 1st quarter. Krane Funds Advisors LLC now owns 21,427,983 shares of the company’s stock worth $283,064,000 after purchasing an additional 1,089,797 shares during the period. Vanguard Group Inc. raised its holdings in TAL Education Group by 1.7% in 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 during the period. Bank of America Corp DE raised its holdings in shares of TAL Education Group by 14.3% during the second quarter. Bank of America Corp DE now owns 14,060,760 shares of the company’s stock valued at $143,701,000 after acquiring an additional 1,759,945 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of TAL Education Group by 2,125.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,628,646 shares of the company’s stock valued at $166,824,000 after acquiring an additional 12,061,305 shares during the last quarter. Institutional investors and hedge funds own 37.79% of the company’s stock.

TAL Education Group Stock Performance

TAL Education Group stock opened at $11.77 on Tuesday. The business’s 50-day simple moving average is $11.19 and its two-hundred day simple moving average is $10.69. The company has a market cap of $7.16 billion, a PE ratio of 40.57, a PEG ratio of 1.15 and a beta of 0.09. TAL Education Group has a fifty-two week low of $8.50 and a fifty-two week high of $15.30.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $861.35 million during the quarter, compared to analysts’ expectations of $819.03 million. TAL Education Group had a return on equity of 4.71% and a net margin of 6.45%. As a group, analysts predict that TAL Education Group will post 0.2 EPS for the current fiscal year.

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.