TAL Education Group (NYSE:TAL) Stock Has Average Target Price of $14.80 According to Brokerages

Shares of TAL Education Group (NYSE:TAL) have received a consensus recommendation of “Buy” from the four analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $14.80.

A number of analysts have commented on TAL shares. Wall Street Zen raised TAL Education Group from a “hold” rating to a “buy” rating in a research report on Saturday. New Street Research set a $13.60 price target on shares of TAL Education Group in a report on Friday, July 31st. Jefferies Financial Group initiated coverage on TAL Education Group in a research note on Friday, July 31st. They issued a “hold” rating on the stock. Zacks Research raised shares of TAL Education Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded shares of TAL Education Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th.

Insider Transactions at TAL Education Group

In other TAL Education Group news, insider Alex Peng sold 30,000 shares of the company’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $12.28, for a total transaction of $368,400.00. Following the completion of the transaction, the insider directly owned 15,144 shares in the company, valued at approximately $185,968.32. This represents a 66.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.81% of the company’s stock.

Institutional Trading of TAL Education Group

A number of institutional investors have recently made changes to their positions in TAL. State of Wyoming boosted its position in shares of TAL Education Group by 11.1% during the first quarter. State of Wyoming now owns 21,610 shares of the company’s stock worth $246,000 after buying an additional 2,160 shares during the period. PNC Financial Services Group Inc. increased its stake in TAL Education Group by 13.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 18,878 shares of the company’s stock worth $215,000 after buying an additional 2,185 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in TAL Education Group during the 1st quarter worth approximately $50,000. KBC Group NV grew its stake in shares of TAL Education Group by 97.6% in the first quarter. KBC Group NV now owns 348,899 shares of the company’s stock worth $3,967,000 after acquiring an additional 172,328 shares in the last quarter. Finally, Mediolanum International Funds Ltd purchased a new stake in shares of TAL Education Group during the first quarter worth $436,000. 37.79% of the stock is owned by institutional investors and hedge funds.

TAL Education Group Price Performance

Shares of TAL stock opened at $11.57 on Wednesday. The stock’s 50-day moving average is $11.98 and its 200 day moving average is $11.08. TAL Education Group has a 1-year low of $8.88 and a 1-year high of $13.37. The company has a market cap of $6.41 billion, a P/E ratio of 7.39, a PEG ratio of 0.69 and a beta of 0.09.

TAL Education Group (NYSE:TAL) last announced its earnings results on Thursday, July 30th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.46. TAL Education Group had a net margin of 28.43% and a return on equity of 24.55%. The company had revenue of $758.38 million during the quarter, compared to the consensus estimate of $719.40 million. On average, analysts anticipate that TAL Education Group will post 1.26 EPS for the current year.

TAL Education Group Company Profile

TAL Education Group is a Chinese education services provider that offers learning programs, educational content and related services for students. Its offerings have included tutoring and enrichment programs in subjects such as mathematics, science, Chinese and English, along with online learning tools, educational technology and other products designed to support students, parents and teachers.

The company was founded in 2003 as Xueersi and later adopted the name TAL Education Group. It historically operated a network of learning centers and online platforms serving students in China, with a focus on primary and secondary education.