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.
Featured Story: Dividend Kings
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
10 Rock-Solid Dividend Paying Stocks to Own
Historically low interest rates have made it difficult over the last decade for income-oriented investors that want to generate safe cash flow for their retirements.
Dividend-paying stocks have become more appealing to income investors because of their competitive yields, the favorite tax treatment that dividends receive and their ability to grow their payouts over time. While fixed interest rates from bond investments will lose purchasing power to inflation over time, the purchasing power of income from dividend growth stocks is more protected because companies tend raise their dividend payments every year.
In this slideshow, we look at ten of the best high-dividend stocks that offer strong yields (above 3.5%), have consistent cashflow and a strong track record of dividend growth. The companies in this slideshow have all raised their dividend every year for the last ten years.
These companies also have low payout ratios (below 75%), meaning that they will have the ability to continue to pay their dividend if their earnings have a temporary dip.
Stock prices will always fluctuate, but the dividends paid by these rock-solid dividend payers should remain secure with moderate earnings growth.
View the "10 Rock-Solid Dividend Paying Stocks to Own".