TAL Education Group (NYSE:TAL) Given Average Recommendation of “Buy” by Brokerages

TAL Education Group (NYSE:TAL) has been assigned an average rating of “Buy” from the five analysts that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $13.28.

A number of equities research analysts have recently issued reports on the stock. HSBC initiated coverage on shares of TAL Education Group in a research note on Wednesday, May 29th. They issued a “buy” rating and a $16.00 price target on the stock. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday, April 26th.

Institutional Investors Weigh In On TAL Education Group

A number of hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its position in shares of TAL Education Group by 1,375.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock worth $28,000 after acquiring an additional 2,173 shares during the period. Tower Research Capital LLC TRC increased its holdings in TAL Education Group by 50.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,550 shares of the company’s stock worth $45,000 after purchasing an additional 1,191 shares during the period. China Universal Asset Management Co. Ltd. acquired a new stake in TAL Education Group in the 1st quarter valued at about $47,000. IPG Investment Advisors LLC purchased a new position in shares of TAL Education Group in the 4th quarter valued at about $126,000. Finally, New York State Common Retirement Fund boosted its stake in shares of TAL Education Group by 668.6% in the 4th quarter. New York State Common Retirement Fund now owns 12,298 shares of the company’s stock valued at $155,000 after buying an additional 10,698 shares during the period. 37.79% of the stock is currently owned by institutional investors and hedge funds.

TAL Education Group Stock Performance

TAL opened at $11.00 on Tuesday. The business’s 50 day moving average price is $12.05 and its 200 day moving average price is $12.20. The stock has a market capitalization of $6.65 billion, a PE ratio of -1,098.40 and a beta of 0.06. TAL Education Group has a one year low of $5.54 and a one year high of $15.52.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.10. The business had revenue of $429.56 million for the quarter, compared to analyst estimates of $389.03 million. TAL Education Group had a negative return on equity of 0.10% and a negative net margin of 0.24%. As a group, equities research analysts forecast that TAL Education Group will post 0.06 earnings per share for the current fiscal year.

TAL Education Group Company Profile

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.