Other analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of TAL Education Group from a sell rating to a hold rating in a research note on Wednesday, August 1st. Citigroup cut shares of TAL Education Group from a buy rating to a neutral rating in a research note on Thursday, September 13th. ValuEngine cut shares of TAL Education Group from a sell rating to a strong sell rating in a research note on Friday, September 7th. Morgan Stanley cut shares of TAL Education Group from an overweight rating to an equal weight rating in a research note on Friday, June 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of TAL Education Group from $65.00 to $70.00 and gave the stock an overweight rating in a research note on Friday, July 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $44.25.
Shares of NYSE TAL opened at $22.84 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.28 and a quick ratio of 1.28. The firm has a market capitalization of $12.57 billion, a PE ratio of 67.41 and a beta of 0.05. TAL Education Group has a 1 year low of $21.08 and a 1 year high of $47.63.
TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, July 26th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. The firm had revenue of $550.60 million during the quarter, compared to analysts’ expectations of $511.45 million. TAL Education Group had a net margin of 12.16% and a return on equity of 17.68%. The company’s revenue for the quarter was up 71.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 earnings per share. As a group, research analysts predict that TAL Education Group will post 0.52 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of TAL. Tower Research Capital LLC TRC grew its stake in TAL Education Group by 107.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,581 shares of the company’s stock valued at $169,000 after acquiring an additional 2,368 shares in the last quarter. Verition Fund Management LLC purchased a new position in TAL Education Group during the first quarter valued at $217,000. Natixis purchased a new position in TAL Education Group during the second quarter valued at $224,000. EFG Asset Management Americas Corp. purchased a new position in TAL Education Group during the second quarter valued at $230,000. Finally, Advisors Asset Management Inc. grew its stake in TAL Education Group by 933.9% during the second quarter. Advisors Asset Management Inc. now owns 70,432 shares of the company’s stock valued at $235,000 after acquiring an additional 63,620 shares in the last quarter. 60.24% of the stock is owned by institutional investors.
TAL Education Group Company Profile
TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.
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