Zacks Research Upgrades TAL Education Group (NYSE:TAL) to "Strong-Buy"

Key Points

• Zacks Research upgraded TAL Education Group to “strong buy” from “hold.” MarketBeat reports a consensus “Moderate Buy” rating and an average price target of $14.80.
• TAL reported quarterly earnings of $0.75 per share, exceeding the $0.29 analyst estimate, while revenue of $758.38 million also surpassed expectations of $719.40 million.
• The stock opened at $12.38, with a 12-month range of $8.88 to $13.37 and a market capitalization of approximately $6.86 billion. An insider separately sold 30,000 shares, reducing their holdings by 66.45%.

TAL Education Group (NYSE:TAL - Get Free Report) was upgraded by equities researchers at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Thursday,Zacks.com reports.

TAL has been the subject of several other reports. New Street Research set a $13.60 target price on TAL Education Group in a research note on Friday, July 31st. Jefferies Financial Group initiated coverage on shares of TAL Education Group in a research note on Friday, July 31st. They set a "hold" rating for the company. Weiss Ratings upgraded shares of TAL Education Group from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, July 31st. Finally, Wall Street Zen cut shares of TAL Education Group from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, TAL Education Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $14.80.

TAL Education Group Price Performance

TAL Education Group stock opened at $12.38 on Thursday. TAL Education Group has a 12-month low of $8.88 and a 12-month high of $13.37. The stock has a market capitalization of $6.86 billion, a P/E ratio of 7.69, a P/E/G ratio of 1.06 and a beta of 0.13. The firm's 50-day moving average is $10.17 and its two-hundred day moving average is $10.79.

TAL Education Group (NYSE:TAL - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $758.38 million during the quarter, compared to analyst estimates of $719.40 million. As a group, analysts forecast that TAL Education Group will post 0.86 EPS for the current year.

Insider Buying and Selling

In other TAL Education Group news, insider Alex Zhuangzhuang Peng sold 30,000 shares of the company's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $12.28, for a total transaction of $368,400.00. Following the completion of the sale, the insider directly owned 15,144 shares in the company, valued at $185,968.32. This represents a 66.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.81% of the stock is owned by corporate insiders.

Institutional Trading of TAL Education Group

A number of institutional investors have recently added to or reduced their stakes in the business. PensionDanmark Pensionsforsikringsaktieselskab increased its holdings in TAL Education Group by 8.8% in the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 183,438 shares of the company's stock valued at $1,756,000 after purchasing an additional 14,900 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of TAL Education Group by 196.7% during the second quarter. Assenagon Asset Management S.A. now owns 54,201 shares of the company's stock worth $519,000 after purchasing an additional 35,931 shares in the last quarter. Amundi lifted its stake in shares of TAL Education Group by 13.1% during the first quarter. Amundi now owns 1,187,724 shares of the company's stock worth $13,504,000 after purchasing an additional 137,799 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of TAL Education Group by 6.1% in the first quarter. The Manufacturers Life Insurance Company now owns 58,334 shares of the company's stock worth $663,000 after buying an additional 3,374 shares during the period. Finally, Quantinno Capital Management LP boosted its position in shares of TAL Education Group by 66.0% in the first quarter. Quantinno Capital Management LP now owns 142,536 shares of the company's stock worth $1,621,000 after buying an additional 56,655 shares during the period. 37.79% of the stock is owned by hedge funds and other institutional investors.

TAL Education Group Company Profile

TAL Education Group is a leading provider of after-school tutoring services in China, specializing in K-12 academic instruction. The company offers a range of programs designed to help primary and secondary school students strengthen their core competencies in subjects such as mathematics, English, Chinese language and science. TAL leverages both in-person learning centers and digital platforms to deliver its curriculum, aiming to support student progress through interactive lessons and personalized study plans.

Founded in 2003 and headquartered in Beijing, TAL Education Group has grown into one of China's largest private education firms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source