TAL Education Group (TAL) Now Covered by Analysts at Citigroup Inc.

Citigroup Inc. began coverage on shares of TAL Education Group (NYSE:TAL) in a research report report published on Tuesday, July 18th, Marketbeat.com reports. The firm issued a neutral rating and a $150.00 price target on the stock.

TAL has been the subject of several other research reports. Jefferies Group LLC restated a buy rating on shares of TAL Education Group in a report on Tuesday, April 18th. Benchmark Co. assumed coverage on TAL Education Group in a report on Tuesday, April 18th. They set a buy rating and a $135.00 price target for the company. Zacks Investment Research cut TAL Education Group from a strong-buy rating to a hold rating in a report on Wednesday, March 29th. J P Morgan Chase & Co reiterated a buy rating and issued a $123.00 target price on shares of TAL Education Group in a report on Tuesday, March 28th. Finally, Goldman Sachs Group Inc cut TAL Education Group from a buy rating to a neutral rating and set a $133.00 target price for the company. in a report on Tuesday, May 16th. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $141.88.

Shares of TAL Education Group (NYSE TAL) opened at 161.00 on Tuesday. The company has a 50-day moving average price of $132.39 and a 200-day moving average price of $110.17. The company has a market cap of $13.26 billion, a P/E ratio of 110.35 and a beta of 0.26. TAL Education Group has a 52-week low of $58.42 and a 52-week high of $161.08. TAL Education Group shares are going to split before the market opens on Wednesday, August 16th. The 6-1 split was announced on Friday, January 1st. The newly created shares will be issued to shareholders after the market closes on Tuesday, August 15th.

TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.16. The business had revenue of $321.90 million during the quarter, compared to analysts’ expectations of $306.46 million. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The company’s quarterly revenue was up 65.0% compared to the same quarter last year. On average, equities analysts predict that TAL Education Group will post $1.99 EPS for the current year.

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Several large investors have recently modified their holdings of the company. Nomura Asset Management Co. Ltd. acquired a new stake in shares of TAL Education Group during the first quarter worth about $330,000. DnB Asset Management AS acquired a new stake in shares of TAL Education Group during the second quarter worth about $12,684,000. Handelsbanken Fonder AB acquired a new stake in shares of TAL Education Group during the second quarter worth about $7,339,000. Xact Kapitalforvaltning AB acquired a new stake in shares of TAL Education Group during the second quarter worth about $734,000. Finally, Capstone Asset Management Co. acquired a new stake in shares of TAL Education Group during the second quarter worth about $462,000. 57.61% of the stock is owned by hedge funds and other institutional investors.

About TAL Education Group

TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.