TAL Education Group (NYSE:TAL) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded TAL Education Group from “hold” to “buy,” joining other positive revisions. MarketBeat reports a consensus “Buy” rating and an average price target of $14.80.
• TAL shares opened at $11.96, down 4.7%, with a market capitalization of $6.62 billion. The company recently exceeded quarterly expectations, reporting $0.75 in EPS versus a $0.29 estimate and revenue of $758.38 million.
• Institutional investors own 37.79% of TAL, with several major funds increasing their positions, while insider Alex Peng sold 30,000 shares valued at approximately $368,400.

TAL Education Group (NYSE:TAL - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

TAL has been the topic of a number of other research reports. New Street Research set a $13.60 price objective on TAL Education Group in a report on Friday, July 31st. Weiss Ratings raised TAL Education Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Jefferies Financial Group began coverage on TAL Education Group in a report on Friday, July 31st. They set a "hold" rating for the company. Finally, Zacks Research upgraded TAL Education Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $14.80.

TAL Education Group Stock Down 4.7%

Shares of TAL Education Group stock opened at $11.96 on Friday. TAL Education Group has a 12-month low of $8.88 and a 12-month high of $13.37. The firm has a market capitalization of $6.62 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 0.73 and a beta of 0.09. The stock's fifty day moving average is $12.00 and its 200-day moving average is $11.07.

TAL Education Group (NYSE:TAL - Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.29 by $0.46. TAL Education Group had a net margin of 28.43% and a return on equity of 24.55%. The company had revenue of $758.38 million during the quarter, compared to analysts' expectations of $719.40 million. Analysts expect that TAL Education Group will post 1.26 EPS for the current year.

Insider Activity at TAL Education Group

In other TAL Education Group news, insider Alex Peng sold 30,000 shares of the business's stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $12.28, for a total value of $368,400.00. Following the transaction, the insider owned 15,144 shares of the company's stock, valued at approximately $185,968.32. The trade was a 66.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.81% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TAL. Arrowstreet Capital Limited Partnership grew its position in TAL Education Group by 26.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 7,395,434 shares of the company's stock worth $84,086,000 after buying an additional 1,546,549 shares in the last quarter. SEB Asset Management AB bought a new stake in TAL Education Group in the first quarter worth $13,010,000. Hsbc Holdings PLC increased its holdings in shares of TAL Education Group by 39.4% in the fourth quarter. Hsbc Holdings PLC now owns 2,435,836 shares of the company's stock worth $26,575,000 after buying an additional 688,185 shares during the period. Sei Investments Co. grew its position in TAL Education Group by 315.5% during the 1st quarter. Sei Investments Co. now owns 701,552 shares of the company's stock worth $7,977,000 after acquiring an additional 532,694 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in TAL Education Group by 81.0% in the second quarter. Wellington Management Group LLP now owns 1,096,554 shares of the company's stock worth $10,494,000 after acquiring an additional 490,836 shares during the period. Institutional investors own 37.79% of the company's stock.

About TAL Education Group

TAL Education Group is a Chinese education and learning services company that provides programs, products and services designed to support students and families. The company serves primarily school-age learners and has historically operated through a combination of physical learning centers, online platforms and technology-enabled educational offerings.

Founded in 2003 as Xueersi, TAL became a publicly traded company on the New York Stock Exchange in 2010. Its business has included academic and enrichment programs, educational content, learning applications, tutoring services and related technology products.

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