Shares of TAL Education Group (NYSE:TAL) have been given an average recommendation of “Hold” by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $46.83.
A number of analysts have commented on the company. JPMorgan Chase & Co. raised their price objective on TAL Education Group from $60.00 to $65.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 29th. ValuEngine downgraded TAL Education Group from a “sell” rating to a “strong sell” rating in a research report on Friday. Zacks Investment Research upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, Morgan Stanley downgraded TAL Education Group from an “overweight” rating to an “equal weight” rating in a research report on Friday, June 29th.
Institutional investors and hedge funds have recently modified their holdings of the company. Atria Investments LLC raised its holdings in shares of TAL Education Group by 19.2% in the 2nd quarter. Atria Investments LLC now owns 16,984 shares of the company’s stock worth $625,000 after buying an additional 2,741 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of TAL Education Group in the 1st quarter worth approximately $300,000. Canada Pension Plan Investment Board acquired a new position in shares of TAL Education Group in the 2nd quarter worth approximately $40,744,000. British Airways Pensions Investment Management Ltd acquired a new position in shares of TAL Education Group in the 2nd quarter worth approximately $2,906,000. Finally, Parametrica Management Ltd acquired a new position in shares of TAL Education Group in the 2nd quarter worth approximately $549,000. 60.29% of the stock is owned by institutional investors and hedge funds.
Shares of TAL stock traded up $0.18 during mid-day trading on Friday, reaching $27.07. The stock had a trading volume of 3,714,903 shares, compared to its average volume of 6,124,418. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.13. TAL Education Group has a one year low of $25.60 and a one year high of $47.63. The company has a market capitalization of $13.15 billion, a P/E ratio of 79.62 and a beta of 0.09.
TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, July 26th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. TAL Education Group had a return on equity of 17.68% and a net margin of 12.16%. The company had revenue of $550.60 million during the quarter, compared to the consensus estimate of $511.45 million. During the same quarter last year, the company earned $0.43 EPS. The company’s quarterly revenue was up 71.0% on a year-over-year basis. sell-side analysts predict that TAL Education Group will post 0.52 earnings per share for the current fiscal year.
TAL Education Group Company Profile
TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.
Further Reading: Outstanding Shares and The Effect on Share Price
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