Macquarie lowered shares of TAL Education Group (NYSE:TAL) from an outperform rating to a neutral rating in a research report sent to investors on Friday morning, Briefing.com Automated Import reports.
A number of other research firms also recently weighed in on TAL. ValuEngine raised shares of TAL Education Group from a sell rating to a hold rating in a research report on Friday, March 1st. Morgan Stanley upgraded TAL Education Group from an equal weight rating to an overweight rating and set a $34.90 price target on the stock in a report on Monday, March 25th. Zacks Investment Research cut TAL Education Group from a buy rating to a hold rating in a report on Wednesday, March 13th. TheStreet upgraded TAL Education Group from a c+ rating to a b- rating in a report on Friday, January 25th. Finally, Citigroup upgraded TAL Education Group from a neutral rating to a buy rating in a report on Wednesday, January 9th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $40.15.
NYSE:TAL opened at $35.30 on Friday. The company has a market cap of $20.89 billion, a price-to-earnings ratio of 103.82 and a beta of 0.12. TAL Education Group has a fifty-two week low of $21.08 and a fifty-two week high of $47.63.
TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, January 24th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.16. The business had revenue of $585.99 million during the quarter, compared to the consensus estimate of $573.90 million. TAL Education Group had a net margin of 14.40% and a return on equity of 18.88%. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 EPS. Equities research analysts forecast that TAL Education Group will post 0.55 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. Csenge Advisory Group bought a new position in shares of TAL Education Group during the 3rd quarter worth approximately $27,000. Commonwealth Bank of Australia boosted its holdings in shares of TAL Education Group by 66.7% during the 4th quarter. Commonwealth Bank of Australia now owns 1,000 shares of the company’s stock worth $26,000 after buying an additional 400 shares in the last quarter. Bremer Trust National Association bought a new position in shares of TAL Education Group during the 4th quarter worth approximately $33,000. Lavaca Capital LLC bought a new position in shares of TAL Education Group during the 4th quarter worth approximately $58,000. Finally, Quadrant Capital Group LLC lifted its holdings in shares of TAL Education Group by 246.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,309 shares of the company’s stock worth $86,000 after purchasing an additional 2,355 shares in the last quarter. Hedge funds and other institutional investors own 58.80% of the company’s stock.
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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