TAL Education Group (NYSE:TAL) Given Consensus Rating of "Buy" by Brokerages

TAL Education Group (NYSE:TAL - Get Free Report) has been assigned an average rating of "Buy" from the three brokerages that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a buy recommendation. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $14.80.

Separately, StockNews.com downgraded TAL Education Group from a "hold" rating to a "sell" rating in a research note on Tuesday, January 14th.

TAL Education Group Stock Performance

TAL traded down $0.13 on Wednesday, hitting $9.14. The company had a trading volume of 11,079,796 shares, compared to its average volume of 6,534,938. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 83.05 and a beta of -0.01. The stock has a fifty day moving average price of $9.90 and a 200-day moving average price of $9.80. 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 quarterly earnings data on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.09 by $0.03. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. The firm had revenue of $619.36 million for the quarter, compared to the consensus estimate of $609.51 million. During the same quarter in the previous year, the firm earned $0.06 EPS. Analysts forecast that TAL Education Group will post 0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On TAL Education Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TAL. EverSource Wealth Advisors LLC increased its holdings in shares of TAL Education Group by 93.8% in the second quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company's stock valued at $45,000 after purchasing an additional 2,186 shares during the period. Point72 DIFC Ltd purchased a new position in TAL Education Group during the 3rd quarter worth approximately $48,000. Blue Trust Inc. lifted its stake in TAL Education Group by 134.2% during the 3rd quarter. Blue Trust Inc. now owns 7,685 shares of the company's stock valued at $91,000 after acquiring an additional 4,403 shares during the period. DRW Securities LLC acquired a new stake in TAL Education Group during the 3rd quarter valued at approximately $128,000. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of TAL Education Group by 1,298,400.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,985 shares of the company's stock valued at $154,000 after acquiring an additional 12,984 shares during the last quarter. Hedge funds and other institutional investors own 37.79% of the company's stock.

About TAL Education Group

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.