TAL Education Group (TAL) Given Consensus Rating of “Buy” by Analysts
TAL Education Group (NYSE:TAL) has earned a consensus rating of “Buy” from the twelve brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $127.40.
A number of research analysts have issued reports on the stock. Macquarie assumed coverage on shares of TAL Education Group in a research report on Thursday, June 29th. They set an “outperform” rating and a $165.00 price objective on the stock. Zacks Investment Research downgraded shares of TAL Education Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 29th. Jefferies Group LLC reaffirmed a “buy” rating on shares of TAL Education Group in a research report on Tuesday, April 18th. Benchmark Co. began coverage on shares of TAL Education Group in a research report on Tuesday, April 18th. They issued a “buy” rating and a $135.00 target price on the stock. Finally, J P Morgan Chase & Co reaffirmed a “buy” rating and issued a $123.00 target price on shares of TAL Education Group in a research report on Tuesday, March 28th.
TAL Education Group (NYSE TAL) traded up 4.73% during midday trading on Monday, reaching $129.55. 687,169 shares of the company’s stock were exchanged. The company has a market cap of $10.81 billion, a price-to-earnings ratio of 98.14 and a beta of 0.21. The firm has a 50-day moving average price of $121.92 and a 200 day moving average price of $99.02. TAL Education Group has a 12-month low of $57.63 and a 12-month high of $134.00.
TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, April 27th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.09. The business had revenue of $316.30 million for the quarter, compared to the consensus estimate of $288.53 million. TAL Education Group had a net margin of 11.00% and a return on equity of 18.23%. The firm’s revenue was up 80.7% on a year-over-year basis. On average, analysts expect that TAL Education Group will post $2.09 EPS for the current fiscal year.
Hedge funds have recently added to or reduced their stakes in the company. Capstone Asset Management Co. acquired a new stake in TAL Education Group during the second quarter worth $462,000. Xact Kapitalforvaltning AB purchased a new stake in shares of TAL Education Group during the second quarter valued at approximately $734,000. Handelsbanken Fonder AB purchased a new stake in shares of TAL Education Group during the second quarter valued at approximately $7,339,000. DnB Asset Management AS purchased a new stake in shares of TAL Education Group during the second quarter valued at approximately $12,684,000. Finally, Nomura Asset Management Co. Ltd. purchased a new stake in shares of TAL Education Group during the first quarter valued at approximately $330,000. 57.45% of the stock is currently owned by hedge funds and other institutional investors.
TAL Education Group Company Profile
TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.
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