TAL Education Group (TAL) Downgraded to Neutral at Macquarie
TAL Education Group (NYSE:TAL) was downgraded by investment analysts at Macquarie from an “outperform” rating to a “neutral” rating in a report released on Friday, Marketbeat.com reports.
TAL has been the topic of several other reports. Jefferies Group LLC reissued a “buy” rating and set a $29.33 price target on shares of TAL Education Group in a research note on Monday, July 31st. Morgan Stanley initiated coverage on shares of TAL Education Group in a research note on Friday, August 25th. They set an “overweight” rating and a $37.00 price target on the stock. Bank of America Corporation reissued a “buy” rating and set a $40.30 price target (up from $29.10) on shares of TAL Education Group in a research note on Monday, September 25th. Zacks Investment Research raised shares of TAL Education Group from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research note on Thursday. Finally, UBS AG initiated coverage on shares of TAL Education Group in a research note on Tuesday, August 1st. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $31.16.
TAL Education Group (NYSE TAL) traded up 1.01% during trading on Friday, reaching $28.01. 12,608,695 shares of the company were exchanged. TAL Education Group has a one year low of $11.02 and a one year high of $36.16. The firm’s 50-day moving average is $33.34 and its 200 day moving average is $25.59. The company has a market capitalization of $13.84 billion, a P/E ratio of 115.27 and a beta of 0.26.
TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.02). The business had revenue of $455.80 million for the quarter, compared to analysts’ expectations of $441.18 million. TAL Education Group had a return on equity of 19.75% and a net margin of 9.90%. TAL Education Group’s revenue was up 68.1% compared to the same quarter last year. On average, analysts anticipate that TAL Education Group will post $0.34 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of TAL. Penserra Capital Management LLC purchased a new position in shares of TAL Education Group in the second quarter worth $122,000. Nippon Life Insurance Co. increased its stake in shares of TAL Education Group by 500.0% in the third quarter. Nippon Life Insurance Co. now owns 3,708 shares of the company’s stock worth $125,000 after buying an additional 3,090 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in shares of TAL Education Group in the second quarter worth $153,000. Tower Research Capital LLC TRC purchased a new position in shares of TAL Education Group in the second quarter worth $154,000. Finally, OLD National Bancorp IN purchased a new position in shares of TAL Education Group in the third quarter worth $206,000. 9.55% of the stock is currently owned by institutional investors.
About TAL Education Group
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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