TAL Education Group (NYSE:TAL) Stock Price Expected to Rise, UBS Group Analyst Says

TAL Education Group (NYSE:TAL) had its price objective lifted by equities research analysts at UBS Group from $16.40 to $17.20 in a report released on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 46.82% from the company’s current price.

Separately, StockNews.com cut TAL Education Group from a “hold” rating to a “sell” rating in a research note on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. According to MarketBeat.com, TAL Education Group presently has an average rating of “Moderate Buy” and an average target price of $15.40.

TAL Education Group Stock Performance

TAL stock traded up $0.65 during trading on Friday, reaching $11.72. 13,371,568 shares of the company traded hands, compared to its average volume of 8,460,163. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 106.50 and a beta of -0.01. The business has a 50 day simple moving average of $9.92 and a 200 day simple moving average of $9.80. TAL Education Group has a 12 month low of $7.34 and a 12 month high of $15.52.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The firm had revenue of $619.36 million during the quarter, compared to analysts’ expectations of $609.51 million. During the same period last year, the business posted $0.06 earnings per share. As a group, research analysts forecast that TAL Education Group will post 0.17 EPS for the current year.

Institutional Trading of TAL Education Group

Several institutional investors have recently bought and sold shares of TAL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in TAL Education Group by 2,309.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,758,735 shares of the company’s stock valued at $174,743,000 after purchasing an additional 14,146,152 shares during the period. FMR LLC boosted its stake in shares of TAL Education Group by 82,138.4% in the third quarter. FMR LLC now owns 7,224,647 shares of the company’s stock worth $85,540,000 after acquiring an additional 7,215,862 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in shares of TAL Education Group by 108.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,790,900 shares of the company’s stock worth $104,084,000 after acquiring an additional 4,581,100 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of TAL Education Group in the third quarter worth approximately $25,545,000. Finally, Yong Rong HK Asset Management Ltd acquired a new stake in shares of TAL Education Group in the third quarter worth approximately $19,413,000. 37.79% of the stock is owned by institutional investors and hedge funds.

TAL Education Group Company Profile

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.