TAL Education Group (NYSE:TAL) Receives Average Rating of "Buy" from Brokerages

TAL Education Group (NYSE:TAL - Get Free Report) has been given an average rating of "Buy" by the six research firms that are covering the company, MarketBeat reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have covered the stock in the last year is $13.30.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. raised its position in shares of TAL Education Group by 1,368.7% during the fourth quarter. Nomura Holdings Inc. now owns 1,136,852 shares of the company's stock worth $14,358,000 after purchasing an additional 1,059,449 shares during the period. Perpetual Ltd lifted its position in shares of TAL Education Group by 5.8% during the 1st quarter. Perpetual Ltd now owns 285,040 shares of the company's stock worth $3,235,000 after purchasing an additional 15,515 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in shares of TAL Education Group during the 1st quarter worth about $47,000. Mirae Asset Global Investments Co. Ltd. increased its stake in TAL Education Group by 18.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,812,359 shares of the company's stock valued at $20,570,000 after acquiring an additional 282,216 shares during the period. Finally, Broad Peak Investment Holdings Ltd. bought a new position in TAL Education Group during the first quarter valued at about $17,493,000. Institutional investors and hedge funds own 37.79% of the company's stock.

TAL Education Group Stock Down 3.0 %

TAL Education Group stock traded down $0.34 during mid-day trading on Monday, reaching $10.88. 6,502,303 shares of the company's stock traded hands, compared to its average volume of 7,006,259. The company has a market cap of $6.58 billion, a price-to-earnings ratio of -1,091.00 and a beta of 0.04. The stock has a 50 day moving average of $9.05 and a two-hundred day moving average of $10.57. TAL Education Group has a 12-month low of $7.34 and a 12-month high of $15.52.

TAL Education Group (NYSE:TAL - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.08. The company had revenue of $414.19 million for the quarter, compared to analysts' expectations of $392.39 million. TAL Education Group had a net margin of 3.24% and a return on equity of 1.46%. During the same period in the prior year, the business earned ($0.07) EPS. As a group, sell-side analysts forecast that TAL Education Group will post 0.1 earnings per share for the current 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.