TAL Education Group (NYSE:TAL) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of TAL Education Group (NYSE:TAL - Get Free Report) have earned a consensus rating of "Moderate Buy" from the five brokerages that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $13.70.

Several research analysts have commented on the stock. Macquarie cut shares of TAL Education Group from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $14.50 to $10.90 in a report on Thursday, April 24th. UBS Group upped their price target on TAL Education Group from $16.40 to $17.20 and gave the company a "buy" rating in a research report on Friday, January 24th. JPMorgan Chase & Co. cut shares of TAL Education Group from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $16.00 to $11.00 in a report on Thursday, April 24th. Finally, StockNews.com raised TAL Education Group from a "sell" rating to a "hold" rating in a research note on Friday, January 24th.

Institutional Investors Weigh In On TAL Education Group

A number of institutional investors have recently added to or reduced their stakes in TAL. Norges Bank acquired a new stake in shares of TAL Education Group during the 4th quarter worth approximately $72,628,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in TAL Education Group by 2,706.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,045,734 shares of the company's stock valued at $79,864,000 after buying an additional 5,830,321 shares during the period. FMR LLC raised its stake in shares of TAL Education Group by 60.4% in the 4th quarter. FMR LLC now owns 11,588,534 shares of the company's stock valued at $116,117,000 after buying an additional 4,363,887 shares in the last quarter. Krane Funds Advisors LLC lifted its holdings in shares of TAL Education Group by 11.5% during the 4th quarter. Krane Funds Advisors LLC now owns 20,338,186 shares of the company's stock worth $203,789,000 after acquiring an additional 2,100,242 shares during the period. Finally, Pinpoint Asset Management Ltd increased its stake in TAL Education Group by 2,020.8% in the fourth quarter. Pinpoint Asset Management Ltd now owns 2,106,573 shares of the company's stock valued at $21,108,000 after acquiring an additional 2,007,244 shares during the period. 37.79% of the stock is owned by institutional investors and hedge funds.

TAL Education Group Price Performance

Shares of NYSE:TAL traded down $0.21 during trading on Friday, reaching $8.87. 2,476,432 shares of the company's stock traded hands, compared to its average volume of 7,269,452. The company has a 50 day moving average of $12.02 and a 200-day moving average of $11.26. The stock has a market capitalization of $5.36 billion, a P/E ratio of 46.69 and a beta of 0.03. TAL Education Group has a 12 month low of $7.35 and a 12 month high of $15.30.

TAL Education Group (NYSE:TAL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). TAL Education Group had a net margin of 5.77% and a return on equity of 3.22%. The business had revenue of $610.24 million during the quarter, compared to analyst estimates of $639.89 million. During the same period in the previous year, the company posted $0.08 earnings per share. Equities research analysts predict that TAL Education Group will post 0.2 earnings per share for the current fiscal year.

About TAL Education Group

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.