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

Shares of TAL Education Group (NYSE:TAL) have earned a consensus rating of “Buy” from the five research firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $13.73.

A number of brokerages recently weighed in on TAL. Citigroup dropped their price objective on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a report on Monday, August 5th. StockNews.com cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Monday, October 14th.

TAL Education Group Stock Performance

Shares of TAL stock opened at $10.38 on Monday. The stock has a market capitalization of $6.28 billion, a P/E ratio of -1,038.00 and a beta of 0.04. The company has a 50 day moving average price of $9.19 and a 200 day moving average price of $10.54. TAL Education Group has a fifty-two week low of $7.34 and a fifty-two week high of $15.52.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.08. The firm had revenue of $414.19 million during the quarter, compared to analysts’ expectations of $392.39 million. TAL Education Group had a net margin of 3.24% and a return on equity of 1.46%. During the same quarter in the previous year, the business posted ($0.07) earnings per share. On average, research analysts forecast that TAL Education Group will post 0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its holdings in TAL Education Group by 1,375.3% during the 1st 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 in the last quarter. Blue Trust Inc. grew its holdings in TAL Education Group by 569.8% during the 2nd quarter. Blue Trust Inc. now owns 3,282 shares of the company’s stock worth $37,000 after acquiring an additional 2,792 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new stake in shares of TAL Education Group during the 1st quarter worth approximately $47,000. Shell Asset Management Co. lifted its position in shares of TAL Education Group by 328.8% during the 1st quarter. Shell Asset Management Co. now owns 15,672 shares of the company’s stock worth $178,000 after buying an additional 12,017 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in shares of TAL Education Group by 30.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,798 shares of the company’s stock worth $202,000 after buying an additional 4,177 shares during the last quarter. Institutional investors and hedge funds own 37.79% of the company’s stock.

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.