Analysts Set TAL Education Group (NYSE:TAL) Target Price at $14.80

Shares of TAL Education Group (NYSE:TAL) have earned a consensus recommendation of “Buy” from the four research firms that are presently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $14.80.

TAL has been the topic of a number of analyst reports. StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. Citigroup lowered their target price on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating on the stock in a report on Monday, August 5th.

Hedge Funds Weigh In On TAL Education Group

Several institutional investors have recently bought and sold shares of TAL. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of TAL Education Group by 16.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 267,204 shares of the company’s stock valued at $3,033,000 after buying an additional 37,446 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of TAL Education Group in the first quarter worth about $249,000. Acadian Asset Management LLC lifted its position in shares of TAL Education Group by 40.6% during the first quarter. Acadian Asset Management LLC now owns 4,109,277 shares of the company’s stock worth $46,617,000 after purchasing an additional 1,187,364 shares in the last quarter. Seven Eight Capital LP grew its stake in shares of TAL Education Group by 18.2% during the first quarter. Seven Eight Capital LP now owns 273,949 shares of the company’s stock valued at $3,109,000 after purchasing an additional 42,126 shares during the last quarter. Finally, Swiss National Bank increased its holdings in shares of TAL Education Group by 3.2% in the first quarter. Swiss National Bank now owns 990,519 shares of the company’s stock valued at $11,242,000 after purchasing an additional 30,400 shares in the last quarter. Institutional investors own 37.79% of the company’s stock.

TAL Education Group Stock Performance

Shares of TAL Education Group stock opened at $9.45 on Friday. The firm has a market cap of $5.72 billion, a P/E ratio of 86.73 and a beta of 0.04. The firm’s 50-day simple moving average is $10.05 and its 200-day simple moving average is $10.42. TAL Education Group has a twelve month low of $7.34 and a twelve month high of $15.52.

TAL Education Group (NYSE:TAL) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The company had revenue of $619.36 million for the quarter, compared to analyst estimates of $609.51 million. During the same period in the prior year, the company posted $0.06 EPS. On average, equities analysts forecast that TAL Education Group will post 0.17 earnings per share for the current fiscal year.

TAL Education Group Company Profile

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.