TAL Education Group (NYSE:TAL) has received a consensus rating of “Hold” from the ten research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $41.48.
Several equities analysts have issued reports on the company. ValuEngine lowered TAL Education Group from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. Zacks Investment Research lowered TAL Education Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Daiwa Capital Markets raised TAL Education Group from a “neutral” rating to an “outperform” rating in a research report on Friday, April 26th. Jefferies Financial Group lowered TAL Education Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $37.00 to $33.00 in a research report on Friday, April 26th. Finally, Macquarie lowered TAL Education Group from an “outperform” rating to a “neutral” rating in a research report on Friday, April 12th.
Several large investors have recently modified their holdings of TAL. Commonwealth Bank of Australia raised its position in shares of TAL Education Group by 66.7% during the fourth quarter. Commonwealth Bank of Australia now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 400 shares during the period. Nkcfo LLC acquired a new position in shares of TAL Education Group during the first quarter worth approximately $29,000. Bremer Trust National Association acquired a new position in shares of TAL Education Group during the fourth quarter worth approximately $33,000. Trustcore Financial Services LLC acquired a new position in shares of TAL Education Group during the first quarter worth approximately $42,000. Finally, Lavaca Capital LLC acquired a new position in shares of TAL Education Group during the fourth quarter worth approximately $58,000. 58.71% of the stock is currently owned by institutional investors.
TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. TAL Education Group had a return on equity of 18.28% and a net margin of 14.33%. The firm had revenue of $726.60 million for the quarter, compared to analyst estimates of $685.64 million. During the same period in the previous year, the firm earned $0.14 earnings per share. The company’s revenue was up 44.1% compared to the same quarter last year. As a group, equities research analysts expect that TAL Education Group will post 0.7 EPS for the current fiscal year.
About TAL Education Group
TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese. The company also provides tutoring services primarily through small classes under the Xueersi, Mobby, and Firstleap brand names; personalized premium services under Izhikang name; and online courses.
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