TAL Education Group (NYSE:TAL) Given Average Recommendation of “Buy” by Analysts

TAL Education Group (NYSE:TAL) has been given an average recommendation of “Buy” by the five brokerages that are currently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $13.73.

TAL has been the topic of a number of research reports. StockNews.com downgraded shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Monday, October 14th. Citigroup dropped their price objective on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating on the stock in a report on Monday, August 5th.

TAL Education Group Stock Performance

TAL stock opened at $10.38 on Monday. The company has a market cap of $6.28 billion, a price-to-earnings ratio of 129.77 and a beta of 0.04. The business’s 50-day moving average is $9.19 and its two-hundred day moving average is $10.53. TAL Education Group has a fifty-two week low of $7.34 and a fifty-two week high of $15.52.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.08. The firm had revenue of $414.19 million for the quarter, compared to analysts’ expectations of $392.39 million. TAL Education Group had a net margin of 3.24% and a return on equity of 1.46%. During the same quarter in the prior year, the business earned ($0.07) EPS. Equities analysts predict that TAL Education Group will post 0.1 earnings per share for the current year.

Institutional Investors Weigh In On TAL Education Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TAL. Point72 Hong Kong Ltd bought a new stake in TAL Education Group during the 2nd quarter worth approximately $35,429,000. Krane Funds Advisors LLC raised its position in shares of TAL Education Group by 9.9% during the second quarter. Krane Funds Advisors LLC now owns 19,333,575 shares of the company’s stock valued at $206,289,000 after buying an additional 1,749,438 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of TAL Education Group during the second quarter valued at approximately $17,476,000. Broad Peak Investment Holdings Ltd. bought a new stake in shares of TAL Education Group during the first quarter valued at approximately $17,493,000. Finally, National Bank of Canada FI raised its position in shares of TAL Education Group by 73.4% during the first quarter. National Bank of Canada FI now owns 3,257,700 shares of the company’s stock valued at $36,975,000 after buying an additional 1,379,500 shares during the last quarter. Institutional investors own 37.79% of the company’s stock.

About TAL Education Group

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.