UBS Group Boosts TAL Education Group (NYSE:TAL) Price Target to $17.20

TAL Education Group (NYSE:TAL) had its price objective upped by investment analysts at UBS Group from $16.40 to $17.20 in a report released on Friday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price target would suggest a potential upside of 46.82% from the stock’s current price.

Separately, StockNews.com cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.53.

TAL Education Group Trading Up 5.8 %

Shares of TAL Education Group stock opened at $11.72 on Friday. TAL Education Group has a 12 month low of $7.34 and a 12 month high of $15.52. The company has a market capitalization of $7.09 billion, a PE ratio of 106.50 and a beta of -0.01. The stock’s fifty day simple moving average is $9.96 and its 200 day simple moving average is $9.81.

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 business had revenue of $619.36 million for the quarter, compared to analysts’ expectations of $609.51 million. During the same quarter in the previous year, the business posted $0.06 EPS. Analysts predict 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 large investors have recently bought and sold shares of the company. Blue Trust Inc. grew its position in TAL Education Group by 134.2% in the third quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock valued at $91,000 after purchasing an additional 4,403 shares in the last quarter. Vontobel Holding Ltd. raised its holdings in TAL Education Group by 38.5% during the third quarter. Vontobel Holding Ltd. now owns 33,154 shares of the company’s stock worth $393,000 after acquiring an additional 9,218 shares in the last quarter. Tobam boosted its position in TAL Education Group by 10.4% during the third quarter. Tobam now owns 19,418 shares of the company’s stock valued at $230,000 after purchasing an additional 1,832 shares during the last quarter. AQR Capital Management LLC grew its stake in TAL Education Group by 1.3% in the second quarter. AQR Capital Management LLC now owns 253,624 shares of the company’s stock valued at $2,706,000 after purchasing an additional 3,159 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in TAL Education Group by 8.3% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,209,800 shares of the company’s stock worth $44,919,000 after buying an additional 321,000 shares during the last quarter. Institutional investors and hedge funds own 37.79% of the company’s stock.

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.