Brokerages Set TAL Education Group (NYSE:TAL) PT at $14.80

Shares of TAL Education Group (NYSE:TAL) have been given an average rating of “Buy” by the four brokerages that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $15.40.

Several research analysts have recently commented on TAL shares. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday. UBS Group increased their price target on shares of TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a research report on Friday.

Institutional Investors Weigh In On TAL Education Group

Hedge funds have recently bought and sold shares of the stock. Point72 DIFC Ltd acquired a new position in shares of TAL Education Group in the 3rd quarter valued at $48,000. EverSource Wealth Advisors LLC boosted its stake in 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 acquiring an additional 2,186 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of TAL Education Group by 134.2% during the third quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock worth $91,000 after purchasing an additional 4,403 shares during the last quarter. DRW Securities LLC acquired a new stake in shares of TAL Education Group during the third quarter worth about $128,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted 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 purchasing an additional 12,984 shares during the last quarter. Institutional investors and hedge funds own 37.79% of the company’s stock.

TAL Education Group Trading Up 5.8 %

Shares of NYSE:TAL opened at $11.72 on Wednesday. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 106.50 and a beta of -0.01. TAL Education Group has a 12 month low of $7.34 and a 12 month high of $15.52. The company has a 50-day moving average price of $9.92 and a 200 day moving average price of $9.80.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.12 EPS for the quarter, beating the consensus estimate 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 company had revenue of $619.36 million for the quarter, compared to the consensus estimate of $609.51 million. During the same period in the prior year, the firm posted $0.06 EPS. As a group, equities analysts forecast that TAL Education Group will post 0.17 EPS for the current year.

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.