TAL Education Group (NYSE:TAL) Receives Consensus Rating of “Buy” from Analysts
TAL Education Group (NYSE:TAL) has been assigned a consensus recommendation of “Buy” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $147.14.
Several research analysts have weighed in on TAL shares. Macquarie started coverage on TAL Education Group in a report on Thursday, June 29th. They issued an “outperform” rating and a $165.00 price target for the company. Goldman Sachs Group, Inc. (The) downgraded TAL Education Group from a “buy” rating to a “neutral” rating and set a $133.00 price target for the company. in a report on Tuesday, May 16th. Benchmark Co. boosted their price target on TAL Education Group to $137.00 and gave the company a “buy” rating in a report on Thursday, April 27th. J P Morgan Chase & Co boosted their price target on TAL Education Group to $190.00 and gave the company an “overweight” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research downgraded TAL Education Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd.
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Several hedge funds have recently added to or reduced their stakes in the company. Greenleaf Trust purchased a new stake in TAL Education Group during the second quarter worth approximately $229,000. Creative Planning purchased a new stake in TAL Education Group during the second quarter worth approximately $257,000. Main Street Research LLC purchased a new stake in TAL Education Group during the second quarter worth approximately $291,000. Comerica Bank purchased a new stake in TAL Education Group during the second quarter worth approximately $364,000. Finally, Jaffetilchin Investment Partners LLC purchased a new stake in TAL Education Group during the second quarter worth approximately $324,000. Institutional investors and hedge funds own 57.61% of the company’s stock.
TAL Education Group (NYSE:TAL) traded up 1.94% during midday trading on Friday, hitting $161.00. The company had a trading volume of 528,523 shares. The stock’s 50-day moving average price is $132.39 and its 200-day moving average price is $110.17. TAL Education Group has a 52-week low of $57.63 and a 52-week high of $161.08. The stock has a market cap of $13.26 billion, a PE ratio of 110.35 and a beta of 0.26. TAL Education Group shares are going to split on Wednesday, August 16th. The 6-1 split was announced on Friday, January 1st. The newly created shares will be distributed to shareholders after the market closes on Tuesday, August 15th.
TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, July 27th. The company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.16. The company had revenue of $321.90 million during the quarter, compared to the consensus estimate of $306.46 million. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. TAL Education Group’s revenue for the quarter was up 65.0% compared to the same quarter last year. On average, equities research analysts expect that TAL Education Group will post $1.99 EPS for the current fiscal year.
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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