TAL Education Group (NYSE:TAL) Receives $12.37 Average Price Target from Brokerages

TAL Education Group (NYSE:TAL) has earned an average recommendation of “Buy” from the four research firms that are presently covering the company, MarketBeat reports. Four investment analysts have rated the stock with a buy recommendation. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $12.37.

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised TAL Education Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $10.00 to $15.00 in a research report on Thursday, January 25th. TheStreet raised shares of TAL Education Group from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. Finally, StockNews.com upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Friday.

Institutional Investors Weigh In On TAL Education Group

A number of institutional investors have recently added to or reduced their stakes in TAL. Krane Funds Advisors LLC boosted its stake in shares of TAL Education Group by 14.0% in the third quarter. Krane Funds Advisors LLC now owns 17,771,371 shares of the company’s stock valued at $161,897,000 after buying an additional 2,177,640 shares in the last quarter. HCEP Management Ltd grew its stake in shares of TAL Education Group by 456.4% during the 4th quarter. HCEP Management Ltd now owns 5,000,000 shares of the company’s stock worth $63,150,000 after purchasing an additional 4,101,330 shares during the period. UBS Group AG lifted its stake in shares of TAL Education Group by 5.3% in the fourth quarter. UBS Group AG now owns 3,981,895 shares of the company’s stock valued at $50,291,000 after purchasing an additional 200,331 shares during the period. WT Asset Management Ltd boosted its holdings in TAL Education Group by 108.7% during the fourth quarter. WT Asset Management Ltd now owns 3,501,979 shares of the company’s stock worth $44,230,000 after buying an additional 1,824,094 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd grew its position in TAL Education Group by 24.1% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,239,151 shares of the company’s stock worth $40,878,000 after buying an additional 629,151 shares during the period. Hedge funds and other institutional investors own 37.79% of the company’s stock.

TAL Education Group Stock Up 0.4 %

Shares of TAL opened at $13.41 on Monday. TAL Education Group has a 52-week low of $5.09 and a 52-week high of $15.52. The stock has a 50 day moving average price of $12.41 and a 200 day moving average price of $11.60. The company has a market capitalization of $8.55 billion, a price-to-earnings ratio of -1,341.00 and a beta of 0.15.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, January 25th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). TAL Education Group had a negative return on equity of 0.10% and a negative net margin of 0.24%. The company had revenue of $373.51 million for the quarter, compared to analyst estimates of $330.96 million. On average, equities analysts anticipate that TAL Education Group will post 0.09 EPS 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.