TAL Education Group (NYSE:TAL) Upgraded to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of TAL Education Group (NYSE:TAL) from a neutral rating to an overweight rating in a report issued on Thursday, Marketbeat.com reports. JPMorgan Chase & Co. currently has $16.00 price target on the stock.

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of TAL Education Group in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, TAL Education Group has an average rating of “Hold” and a consensus price target of $13.91.

TAL Education Group Price Performance

TAL Education Group stock opened at $12.99 on Thursday. TAL Education Group has a 12-month low of $8.50 and a 12-month high of $15.30. The stock has a market capitalization of $7.91 billion, a P/E ratio of 76.41, a P/E/G ratio of 1.09 and a beta of 0.12. The firm’s 50-day moving average is $11.14 and its two-hundred day moving average is $10.64.

TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, October 30th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.05. TAL Education Group had a net margin of 4.33% and a return on equity of 2.81%. As a group, analysts forecast that TAL Education Group will post 0.2 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Myriad Asset Management US LP acquired a new position in TAL Education Group in the third quarter valued at $396,000. Campbell & CO Investment Adviser LLC acquired a new position in TAL Education Group in the third quarter valued at $693,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in TAL Education Group by 5.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 965,456 shares of the company’s stock valued at $10,813,000 after acquiring an additional 53,091 shares during the last quarter. Bayforest Capital Ltd boosted its holdings in TAL Education Group by 20.1% in the third quarter. Bayforest Capital Ltd now owns 42,793 shares of the company’s stock valued at $479,000 after acquiring an additional 7,154 shares during the last quarter. Finally, FengHe Fund Management Pte. Ltd. boosted its holdings in TAL Education Group by 12.3% in the third quarter. FengHe Fund Management Pte. Ltd. now owns 881,672 shares of the company’s stock valued at $9,875,000 after acquiring an additional 96,895 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.