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

Shares of TAL Education Group (NYSE:TAL) have received an average recommendation of “Buy” from the five brokerages that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have covered the stock in the last year is $13.73.

A number of analysts recently weighed in on the stock. StockNews.com cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a research note on Monday, October 14th. Citigroup decreased their price target on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a research note on Monday, August 5th.

TAL Education Group Trading Up 3.3 %

Shares of NYSE:TAL opened at $10.38 on Monday. The company has a market capitalization of $6.28 billion, a PE ratio of -1,038.00 and a beta of 0.04. TAL Education Group has a twelve month low of $7.34 and a twelve month high of $15.52. The firm has a 50 day simple moving average of $9.19 and a 200-day simple moving average of $10.54.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. The firm had revenue of $414.19 million during 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. As a group, equities research analysts predict that TAL Education Group will post 0.1 EPS for the current fiscal year.

Institutional Trading of TAL Education Group

Several hedge funds have recently made changes to their positions in the company. Krane Funds Advisors LLC increased its holdings in shares of TAL Education Group by 9.9% in the 2nd quarter. Krane Funds Advisors LLC now owns 19,333,575 shares of the company’s stock valued at $206,289,000 after purchasing an additional 1,749,438 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of TAL Education Group by 8.3% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,209,800 shares of the company’s stock valued at $44,919,000 after purchasing an additional 321,000 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of TAL Education Group by 20.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,187,028 shares of the company’s stock valued at $44,676,000 after purchasing an additional 709,845 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of TAL Education Group by 40.6% in the 1st quarter. Acadian Asset Management LLC now owns 4,109,277 shares of the company’s stock valued at $46,617,000 after purchasing an additional 1,187,364 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of TAL Education Group in the 2nd quarter valued at about $35,429,000. Institutional investors and hedge funds 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.