TAL Education Group (NYSE:TAL) has been assigned an average rating of “Buy” from the ten ratings firms that are covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $31.62.
Several research analysts have weighed in on TAL shares. UBS AG started coverage on TAL Education Group in a report on Tuesday, August 1st. They set a “buy” rating on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $29.33 target price on shares of TAL Education Group in a report on Monday, July 31st. Bank of America Corporation restated a “buy” rating and issued a $40.30 price target (up from $29.10) on shares of TAL Education Group in a report on Monday, September 25th. Zacks Investment Research lowered TAL Education Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 29th. Finally, Citigroup Inc. started coverage on TAL Education Group in a report on Tuesday, July 18th. They issued a “neutral” rating and a $25.00 price target on the stock.
Large investors have recently added to or reduced their stakes in the stock. Oppenheimer Asset Management Inc. acquired a new stake in shares of TAL Education Group in the second quarter valued at about $153,000. Tower Research Capital LLC TRC acquired a new stake in shares of TAL Education Group in the second quarter valued at about $154,000. QS Investors LLC acquired a new stake in shares of TAL Education Group in the second quarter valued at about $208,000. Brighton Jones LLC acquired a new stake in shares of TAL Education Group in the second quarter valued at about $226,000. Finally, Greenleaf Trust acquired a new stake in shares of TAL Education Group in the second quarter valued at about $229,000. 18.64% of the stock is currently owned by institutional investors and hedge funds.
TAL Education Group (NYSE TAL) traded down $0.80 during mid-day trading on Friday, reaching $28.76. The company’s stock had a trading volume of 3,576,500 shares, compared to its average volume of 3,941,044. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $14,450.76, a price-to-earnings ratio of 123.17, a PEG ratio of 1.38 and a beta of 0.22. TAL Education Group has a 52-week low of $11.02 and a 52-week high of $36.16.
TAL Education Group (NYSE:TAL) last posted its earnings results on Thursday, October 26th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.02). The business had revenue of $455.80 million for the quarter, compared to the consensus estimate of $441.18 million. TAL Education Group had a return on equity of 18.17% and a net margin of 9.90%. The company’s revenue was up 68.1% compared to the same quarter last year. sell-side analysts expect that TAL Education Group will post 0.37 earnings per share for the current year.
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.
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