TAL Education Group (NYSE:TAL) Receives $13.30 Consensus Target Price from Brokerages

TAL Education Group (NYSE:TAL) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $13.30.

A number of analysts recently commented on the company. Citigroup reduced their price objective on TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a research report on Monday, August 5th. StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Monday, August 5th. Finally, HSBC initiated coverage on shares of TAL Education Group in a research report on Wednesday, May 29th. They set a “buy” rating and a $16.00 target price for the company.

Institutional Trading of TAL Education Group

A number of hedge funds and other institutional investors have recently modified their holdings of TAL. Krane Funds Advisors LLC grew 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 worth $206,289,000 after purchasing an additional 1,749,438 shares in the last quarter. HCEP Management Ltd grew its holdings in TAL Education Group by 456.4% during the 4th quarter. HCEP Management Ltd now owns 5,000,000 shares of the company’s stock valued at $63,150,000 after buying an additional 4,101,330 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of TAL Education Group by 8.3% during the second 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 buying an additional 321,000 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of TAL Education Group by 20.4% in the second quarter. The Manufacturers Life Insurance Company now owns 4,187,028 shares of the company’s stock worth $44,676,000 after buying an additional 709,845 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in shares of TAL Education Group by 40.6% during the first quarter. Acadian Asset Management LLC now owns 4,109,277 shares of the company’s stock worth $46,617,000 after acquiring an additional 1,187,364 shares during the last quarter. 37.79% of the stock is owned by hedge funds and other institutional investors.

TAL Education Group Stock Performance

NYSE TAL opened at $8.08 on Thursday. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of -808.00 and a beta of 0.02. The stock has a 50-day moving average of $8.82 and a 200 day moving average of $10.67. TAL Education Group has a one year low of $7.09 and a one year 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, beating analysts’ consensus estimates of ($0.06) by $0.08. TAL Education Group had a net margin of 3.24% and a return on equity of 1.46%. The company had revenue of $414.19 million for the quarter, compared to the consensus estimate of $392.39 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. On average, equities analysts predict that TAL Education Group will post 0.1 earnings per share for the current fiscal year.

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.