TAL Education Group (TAL) Lowered to “Neutral” at Macquarie

Macquarie cut shares of TAL Education Group (NYSE:TAL) from an outperform rating to a neutral rating in a research report sent to investors on Friday, October 27th, MarketBeat reports.

Several other analysts have also recently commented on the stock. Zacks Investment Research cut shares of TAL Education Group from a buy rating to a hold rating in a research note on Tuesday, August 29th. Bank of America Corporation restated a buy rating and set a $40.30 target price (up previously from $29.10) on shares of TAL Education Group in a research report on Monday, September 25th. Jefferies Group LLC lifted their target price on shares of TAL Education Group to $35.00 and gave the stock a buy rating in a research report on Monday, August 28th. Morgan Stanley started coverage on shares of TAL Education Group in a research report on Friday, August 25th. They set an overweight rating and a $37.00 target price for the company. Finally, J P Morgan Chase & Co lifted their target price on shares of TAL Education Group to $31.67 and gave the stock an overweight rating in a research report on Thursday, July 27th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. TAL Education Group presently has an average rating of Buy and a consensus target price of $31.16.

Shares of TAL Education Group (NYSE TAL) traded down $0.80 during trading hours on Friday, hitting $28.76. 3,576,500 shares of the stock traded hands, compared to its average volume of 3,941,044. The stock has a market capitalization of $14,450.76, a P/E ratio of 123.17, a price-to-earnings-growth ratio of 1.38 and a beta of 0.22. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32. TAL Education Group has a 1-year low of $11.02 and a 1-year high of $36.16.

TAL Education Group (NYSE:TAL) last issued its earnings results on Thursday, October 26th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.02). TAL Education Group had a net margin of 9.90% and a return on equity of 18.17%. The firm had revenue of $455.80 million during the quarter, compared to analysts’ expectations of $441.18 million. The firm’s revenue for the quarter was up 68.1% compared to the same quarter last year. sell-side analysts forecast that TAL Education Group will post 0.37 earnings per share for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. purchased a new stake in TAL Education Group in the second quarter valued at approximately $153,000. Tower Research Capital LLC TRC purchased a new stake in TAL Education Group in the second quarter valued at approximately $154,000. QS Investors LLC purchased a new stake in TAL Education Group in the second quarter valued at approximately $208,000. Brighton Jones LLC purchased a new stake in TAL Education Group in the second quarter valued at approximately $226,000. Finally, Greenleaf Trust purchased a new stake in TAL Education Group in the second quarter valued at approximately $229,000. Hedge funds and other institutional investors own 18.64% of the company’s stock.

About TAL Education Group

TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.

Analyst Recommendations for TAL Education Group (NYSE:TAL)

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