TAL Education Group (NYSE:TAL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of TAL Education Group (NYSE:TAL) from a hold rating to a buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

Several other brokerages have also issued reports on TAL. Weiss Ratings raised TAL Education Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Jefferies Financial Group started coverage on TAL Education Group in a research report on Friday, July 31st. They set a “hold” rating on the stock. New Street Research set a $13.60 price target on TAL Education Group in a research note on Friday, July 31st. Finally, Zacks Research raised TAL Education Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $14.80.

TAL Education Group Price Performance

TAL stock opened at $11.90 on Friday. The firm has a 50 day simple moving average of $11.99 and a two-hundred day simple moving average of $11.08. The stock has a market cap of $6.60 billion, a PE ratio of 7.45, a P/E/G ratio of 0.70 and a beta of 0.09. TAL Education Group has a one year low of $8.88 and a one year high of $13.37.

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. On average, research analysts expect that TAL Education Group will post 1.26 EPS for the current fiscal year.

Insider Transactions at TAL Education Group

In other news, insider Alex Peng sold 30,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $12.28, for a total value of $368,400.00. Following the transaction, the insider directly owned 15,144 shares in the company, valued at $185,968.32. This trade represents a 66.45% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.81% of the company’s stock.

Institutional Investors Weigh In On TAL Education Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its position in shares of TAL Education Group by 26.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,395,434 shares of the company’s stock valued at $84,086,000 after purchasing an additional 1,546,549 shares during the period. SEB Asset Management AB purchased a new position in shares of TAL Education Group during the 1st quarter valued at $13,010,000. Hsbc Holdings PLC lifted its stake in shares of TAL Education Group by 39.4% during the 4th quarter. Hsbc Holdings PLC now owns 2,435,836 shares of the company’s stock valued at $26,575,000 after buying an additional 688,185 shares in the last quarter. Sei Investments Co. lifted its stake in shares of TAL Education Group by 315.5% during the 1st quarter. Sei Investments Co. now owns 701,552 shares of the company’s stock valued at $7,977,000 after buying an additional 532,694 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in TAL Education Group by 81.0% in the 2nd quarter. Wellington Management Group LLP now owns 1,096,554 shares of the company’s stock worth $10,494,000 after buying an additional 490,836 shares during the period. 37.79% of the stock is currently owned by hedge funds and other institutional investors.

TAL Education Group Company Profile

TAL Education Group is a Chinese education services provider that offers learning programs, educational content and related services for students. Its offerings have included tutoring and enrichment programs in subjects such as mathematics, science, Chinese and English, along with online learning tools, educational technology and other products designed to support students, parents and teachers.

The company was founded in 2003 as Xueersi and later adopted the name TAL Education Group. It historically operated a network of learning centers and online platforms serving students in China, with a focus on primary and secondary education.