TAL Education Group (NYSE:TAL) Receives Consensus Recommendation of “Buy” from Analysts

TAL Education Group (NYSE:TAL) has received a consensus rating of “Buy” from the three research firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $15.53.

Several equities analysts have weighed in on TAL shares. StockNews.com upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Friday. UBS Group raised their price objective on shares of TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a research note on Friday.

TAL Education Group Price Performance

NYSE TAL opened at $11.72 on Wednesday. The business has a 50 day moving average price of $9.96 and a 200 day moving average price of $9.81. The company has a market capitalization of $7.09 billion, a P/E ratio of 106.50 and a beta of -0.01. TAL Education Group has a 1-year low of $7.34 and a 1-year high of $15.52.

TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The business had revenue of $619.36 million during the quarter, compared to the consensus estimate of $609.51 million. During the same quarter in the previous year, the company posted $0.06 EPS. On average, research analysts expect that TAL Education Group will post 0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TAL Education Group

Several hedge funds have recently modified their holdings of TAL. Tobam raised its position in shares of TAL Education Group by 10.4% in the third quarter. Tobam now owns 19,418 shares of the company’s stock valued at $230,000 after buying an additional 1,832 shares during the last quarter. AQR Capital Management LLC grew its stake in TAL Education Group by 1.3% in the 2nd quarter. AQR Capital Management LLC now owns 253,624 shares of the company’s stock worth $2,706,000 after acquiring an additional 3,159 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in 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 acquiring an additional 321,000 shares during the last quarter. MBB Public Markets I LLC purchased a new position in shares of TAL Education Group during the 2nd quarter worth $308,000. Finally, Public Sector Pension Investment Board boosted its holdings in shares of TAL Education Group by 1.6% during the second quarter. Public Sector Pension Investment Board now owns 149,682 shares of the company’s stock worth $1,597,000 after purchasing an additional 2,400 shares during the last quarter. 37.79% of the stock is owned by institutional investors and hedge funds.

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.