TAL Education Group (NYSE:TAL) had its target price boosted by equities research analysts at J P Morgan Chase & Co to $190.00 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage presently has an “overweight” rating on the stock. J P Morgan Chase & Co’s target price suggests a potential upside of 27.35% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Citigroup Inc. assumed coverage on shares of TAL Education Group in a research report on Tuesday, July 18th. They issued a “neutral” rating and a $150.00 target price for the company. Benchmark Co. raised their target price on shares of TAL Education Group to $137.00 and gave the stock a “buy” rating in a research report on Thursday, April 27th. Goldman Sachs Group, Inc. (The) cut shares of TAL Education Group from a “buy” rating to a “neutral” rating and set a $133.00 target price for the company. in a research report on Tuesday, May 16th. Macquarie assumed coverage on shares of TAL Education Group in a research report on Thursday, June 29th. They issued an “outperform” rating and a $165.00 target price for the company. Finally, Zacks Investment Research cut shares of TAL Education Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. TAL Education Group presently has an average rating of “Buy” and a consensus price target of $128.88.

TAL Education Group (NYSE:TAL) traded up 0.35% during midday trading on Thursday, reaching $149.72. 367,730 shares of the company’s stock traded hands. TAL Education Group has a 52-week low of $57.63 and a 52-week high of $155.05. The stock has a market cap of $12.50 billion, a P/E ratio of 113.42 and a beta of 0.21. The company’s 50-day moving average price is $129.19 and its 200-day moving average price is $107.68.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, April 27th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.09. The business had revenue of $316.30 million during the quarter, compared to analysts’ expectations of $288.53 million. TAL Education Group had a net margin of 11.00% and a return on equity of 18.23%. The company’s revenue was up 80.7% compared to the same quarter last year. On average, equities analysts predict that TAL Education Group will post $2.08 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Greenleaf Trust acquired a new position in shares of TAL Education Group during the second quarter valued at about $229,000. Creative Planning acquired a new position in shares of TAL Education Group during the second quarter valued at about $257,000. Main Street Research LLC acquired a new position in shares of TAL Education Group during the second quarter valued at about $291,000. Nomura Asset Management Co. Ltd. acquired a new position in shares of TAL Education Group during the first quarter valued at about $330,000. Finally, Atria Investments LLC acquired a new position in shares of TAL Education Group during the second quarter valued at about $331,000. Institutional investors own 57.68% of the company’s stock.

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.

The Fly

Analyst Recommendations for TAL Education Group (NYSE:TAL)

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