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TheStreet Upgrades TAL Education Group (NYSE:TAL) to B-

Last updated on Wednesday, August 5, 2020 | 2020 MarketBeat

TAL Education Group (NYSE:TAL) was upgraded by equities research analysts at TheStreet from a "c" rating to a "b-" rating in a report released on Monday, TheStreetRatingsTable reports.

A number of other analysts have also recently commented on TAL. Citigroup boosted their price objective on TAL Education Group from $80.00 to $98.00 and gave the company a "buy" rating in a research report on Monday. Goldman Sachs Group boosted their price target on shares of TAL Education Group from $64.00 to $75.00 in a report on Wednesday, July 1st. JPMorgan Chase & Co. decreased their price objective on shares of TAL Education Group from $61.00 to $60.00 and set an "overweight" rating on the stock in a report on Wednesday, April 29th. Zacks Investment Research raised shares of TAL Education Group from a "sell" rating to a "buy" rating and set a $87.00 target price for the company in a research note on Saturday. Finally, Bank of America assumed coverage on shares of TAL Education Group in a research note on Monday, July 13th. They issued a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. TAL Education Group presently has a consensus rating of "Buy" and a consensus target price of $70.29.

Shares of NYSE TAL opened at $78.84 on Monday. TAL Education Group has a 1 year low of $30.78 and a 1 year high of $81.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.21 and a current ratio of 1.22. The company's fifty day moving average price is $72.44 and its 200 day moving average price is $58.86. The company has a market capitalization of $45.90 billion, a PE ratio of 7,891.89 and a beta of 0.29.

TAL Education Group (NYSE:TAL) last posted its earnings results on Thursday, July 30th. The company reported $0.18 EPS for the quarter, beating the Zacks' consensus estimate of $0.02 by $0.16. TAL Education Group had a return on equity of 0.21% and a net margin of 0.15%. The firm had revenue of $910.70 million for the quarter, compared to analysts' expectations of $887.64 million. During the same period last year, the firm earned $0.03 EPS. The company's quarterly revenue was up 29.6% on a year-over-year basis. On average, equities analysts expect that TAL Education Group will post 0.56 EPS for the current year.

Several institutional investors have recently made changes to their positions in the company. Rosenberg Matthew Hamilton acquired a new stake in shares of TAL Education Group during the 2nd quarter worth about $35,000. Parallel Advisors LLC raised its holdings in shares of TAL Education Group by 38.5% in the 1st quarter. Parallel Advisors LLC now owns 845 shares of the company's stock valued at $45,000 after buying an additional 235 shares during the period. Truewealth LLC acquired a new position in TAL Education Group during the 1st quarter worth about $46,000. PNC Financial Services Group Inc. grew its position in TAL Education Group by 9.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,443 shares of the company's stock valued at $131,000 after acquiring an additional 209 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of TAL Education Group by 14.0% in the first quarter. Signaturefd LLC now owns 2,540 shares of the company's stock valued at $135,000 after purchasing an additional 312 shares in the last quarter. 59.29% of the stock is currently owned by institutional investors and hedge funds.

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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