TAL Education Group (NYSE:TAL) Stock Price Expected to Rise, UBS Group Analyst Says

TAL Education Group (NYSE:TAL) had its target price boosted by investment analysts at UBS Group from $16.40 to $17.20 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s target price indicates a potential upside of 46.82% from the stock’s previous close.

Separately, StockNews.com downgraded shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $15.40.

TAL Education Group Stock Up 5.8 %

TAL stock traded up $0.65 during midday trading on Friday, reaching $11.72. 13,371,568 shares of the company’s stock traded hands, compared to its average volume of 8,460,163. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 106.50 and a beta of -0.01. The firm’s fifty day moving average price is $9.92 and its 200-day moving average price is $9.80. TAL Education Group has a 52 week low of $7.34 and a 52 week high of $15.52.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $619.36 million for the quarter, compared to the consensus estimate of $609.51 million. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. During the same period in the previous year, the firm earned $0.06 EPS. Analysts forecast that TAL Education Group will post 0.17 earnings per share for the current year.

Hedge Funds Weigh In On TAL Education Group

Large investors have recently modified their holdings of the stock. Tobam raised its position in TAL Education Group by 10.4% in the 3rd quarter. Tobam now owns 19,418 shares of the company’s stock worth $230,000 after buying an additional 1,832 shares during the last quarter. Blue Trust Inc. increased its position in shares of TAL Education Group by 28.1% during the 4th quarter. Blue Trust Inc. now owns 9,843 shares of the company’s stock valued at $99,000 after purchasing an additional 2,158 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of TAL Education Group by 93.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock valued at $45,000 after purchasing an additional 2,186 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of TAL Education Group by 17.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,340 shares of the company’s stock valued at $182,000 after purchasing an additional 2,267 shares during the last quarter. Finally, Public Sector Pension Investment Board increased its position in shares of TAL Education Group by 1.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 149,682 shares of the company’s stock valued at $1,597,000 after purchasing an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 37.79% of the company’s stock.

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.