TAL Education Group (NYSE:TAL) Upgraded at DBS Vickers

DBS Vickers upgraded shares of TAL Education Group (NYSE:TAL) to a buy rating in a research report released on Monday, TipRanks reports. The firm currently has $61.30 target price on the stock.

Other research analysts also recently issued reports about the stock. Macquarie upgraded shares of TAL Education Group from a neutral rating to an outperform rating and increased their price objective for the company from $40.00 to $56.60 in a research note on Wednesday, January 8th. Nomura reiterated a buy rating and set a $60.00 price objective on shares of TAL Education Group in a research note on Monday, January 27th. Bank of America upgraded shares of TAL Education Group from a neutral rating to a buy rating in a research note on Monday, March 2nd. Benchmark reiterated a buy rating and set a $57.00 price objective (up from $47.00) on shares of TAL Education Group in a research note on Wednesday, January 22nd. Finally, Zacks Investment Research downgraded shares of TAL Education Group from a hold rating to a sell rating in a research note on Tuesday, March 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $55.88.

NYSE TAL opened at $55.73 on Monday. TAL Education Group has a 12 month low of $30.78 and a 12 month high of $59.76. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.36. The company has a market capitalization of $31.45 billion, a price-to-earnings ratio of 293.33, a price-to-earnings-growth ratio of 2.10 and a beta of 0.27. The company’s fifty day moving average price is $55.25 and its two-hundred day moving average price is $46.65.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Tuesday, January 21st. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.12). TAL Education Group had a net margin of 3.29% and a return on equity of 4.12%. The company had revenue of $862.40 million for the quarter, compared to the consensus estimate of $841.80 million. During the same quarter last year, the company earned $0.24 earnings per share. The company’s revenue was up 47.2% compared to the same quarter last year. As a group, analysts anticipate that TAL Education Group will post 0.5 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Trivest Advisors Ltd bought a new position in shares of TAL Education Group in the 4th quarter worth about $94,472,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its position in shares of TAL Education Group by 932.5% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 8,745 shares of the company’s stock worth $422,000 after buying an additional 7,898 shares during the last quarter. Norges Bank bought a new position in shares of TAL Education Group in the 4th quarter worth about $206,389,000. Pearl River Capital LLC bought a new position in shares of TAL Education Group in the 4th quarter worth about $214,000. Finally, Redpoint Investment Management Pty Ltd lifted its position in shares of TAL Education Group by 10.0% in the 4th quarter. Redpoint Investment Management Pty Ltd now owns 7,505 shares of the company’s stock worth $362,000 after buying an additional 683 shares during the last quarter. Institutional investors own 62.10% 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 offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese. The company also provides tutoring services primarily through small classes under the Xueersi, Mobby, and Firstleap brand names; personalized premium services under Izhikang name; and online courses.

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Analyst Recommendations for TAL Education Group (NYSE:TAL)

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