Brokerages Set TAL Education Group (NYSE:TAL) Target Price at $13.77

Shares of TAL Education Group (NYSE:TAL) have been assigned a consensus recommendation of “Moderate Buy” from the four ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $13.77.

Several research firms have recently weighed in on TAL. Zacks Research raised TAL Education Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 29th. Wall Street Zen raised TAL Education Group from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th.

Insiders Place Their Bets

In other TAL Education Group news, insider Alex Zhuangzhuang Peng sold 80,000 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $10.86, for a total value of $868,800.00. Following the completion of the transaction, the insider owned 45,144 shares in the company, valued at $490,263.84. This represents a 63.93% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.81% of the company’s stock.

Hedge Funds Weigh In On TAL Education Group

Several institutional investors and hedge funds have recently made changes to their positions in TAL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of TAL Education Group during the 4th quarter valued at approximately $213,329,000. Serenity Capital Management PTE. LTD. lifted its stake in TAL Education Group by 16,237.0% during the third quarter. Serenity Capital Management PTE. LTD. now owns 4,730,377 shares of the company’s stock worth $52,980,000 after purchasing an additional 4,701,422 shares during the last quarter. Krane Funds Advisors LLC lifted its stake in TAL Education Group by 25.5% during the third quarter. Krane Funds Advisors LLC now owns 23,072,787 shares of the company’s stock worth $253,455,000 after purchasing an additional 4,684,426 shares during the last quarter. Norges Bank bought a new position in TAL Education Group during the fourth quarter worth $49,158,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in TAL Education Group by 3,989.3% during the third quarter. Arrowstreet Capital Limited Partnership now owns 4,574,002 shares of the company’s stock worth $51,229,000 after purchasing an additional 4,462,149 shares during the last quarter. 37.79% of the stock is currently owned by hedge funds and other institutional investors.

TAL Education Group Stock Down 3.1%

Shares of TAL opened at $9.75 on Friday. The firm has a market cap of $5.94 billion, a PE ratio of 10.49, a price-to-earnings-growth ratio of 0.86 and a beta of 0.10. The company’s fifty day moving average is $11.20 and its two-hundred day moving average is $11.23. TAL Education Group has a fifty-two week low of $9.52 and a fifty-two week high of $13.37.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Tuesday, April 14th. The company reported $1.35 earnings per share for the quarter. The company had revenue of $802.39 million for the quarter. TAL Education Group had a net margin of 17.64% and a return on equity of 14.87%. As a group, equities research analysts anticipate that TAL Education Group will post 0.86 earnings per share for the current year.

About TAL Education Group

TAL Education Group is a leading provider of after-school tutoring services in China, specializing in K-12 academic instruction. The company offers a range of programs designed to help primary and secondary school students strengthen their core competencies in subjects such as mathematics, English, Chinese language and science. TAL leverages both in-person learning centers and digital platforms to deliver its curriculum, aiming to support student progress through interactive lessons and personalized study plans.

Founded in 2003 and headquartered in Beijing, TAL Education Group has grown into one of China’s largest private education firms.