Analysts Set TAL Education Group (NYSE:TAL) Target Price at $14.40

Shares of TAL Education Group (NYSE:TAL) have been given a consensus rating of “Moderate Buy” by the five research firms that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $13.70.

A number of brokerages have weighed in on TAL. Macquarie cut shares of TAL Education Group from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $14.50 to $10.90 in a research report on Thursday. UBS Group upped their price target on shares of TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a research report on Friday, January 24th. JPMorgan Chase & Co. downgraded TAL Education Group from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $16.00 to $11.00 in a report on Thursday. Finally, StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research note on Friday, January 24th.

Institutional Investors Weigh In On TAL Education Group

A number of hedge funds have recently bought and sold shares of TAL. SBI Securities Co. Ltd. purchased a new position in shares of TAL Education Group during the 4th quarter valued at approximately $40,000. iA Global Asset Management Inc. bought a new position in TAL Education Group during the 4th quarter valued at $79,000. Blue Trust Inc. grew its holdings in TAL Education Group by 28.1% during the 4th quarter. Blue Trust Inc. now owns 9,843 shares of the company’s stock worth $99,000 after acquiring an additional 2,158 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in shares of TAL Education Group in the 4th quarter worth about $114,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of TAL Education Group by 15.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 11,829 shares of the company’s stock valued at $119,000 after purchasing an additional 1,556 shares in the last quarter. Institutional investors and hedge funds own 37.79% of the company’s stock.

TAL Education Group Trading Up 2.5 %

Shares of TAL opened at $9.15 on Friday. The stock’s fifty day simple moving average is $12.23 and its 200 day simple moving average is $11.29. TAL Education Group has a twelve month low of $7.35 and a twelve month high of $15.30. The firm has a market capitalization of $5.53 billion, a P/E ratio of 48.16 and a beta of 0.03.

TAL Education Group (NYSE:TAL) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). TAL Education Group had a net margin of 5.77% and a return on equity of 3.22%. The firm had revenue of $610.24 million during the quarter, compared to analyst estimates of $639.89 million. During the same period in the prior year, the firm earned $0.08 earnings per share. Sell-side analysts predict that TAL Education Group will post 0.2 earnings per share for the current year.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.