TAL Education Group (NYSE:TAL) Upgraded to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of TAL Education Group (NYSE:TAL) from a hold rating to a buy rating in a report released on Saturday morning.

TAL has been the topic of several other reports. Weiss Ratings restated a “hold (c-)” rating on shares of TAL Education Group in a report on Wednesday, October 8th. JPMorgan Chase & Co. upgraded TAL Education Group from a “neutral” rating to an “overweight” rating and set a $16.00 target price on the stock in a research note on Thursday, October 30th. Finally, Zacks Research raised TAL Education Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.91.

TAL Education Group Stock Down 2.3%

Shares of TAL traded down $0.28 during trading hours on Friday, reaching $11.74. The company’s stock had a trading volume of 3,220,773 shares, compared to its average volume of 4,725,384. The company has a 50 day moving average of $11.28 and a two-hundred day moving average of $10.73. The firm has a market cap of $7.15 billion, a price-to-earnings ratio of 40.48, a P/E/G ratio of 0.72 and a beta of 0.09. TAL Education Group has a 1-year low of $8.50 and a 1-year high of $15.30.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The firm had revenue of $861.35 million for the quarter, compared to the consensus estimate of $819.03 million. TAL Education Group had a net margin of 6.45% and a return on equity of 4.71%. As a group, analysts forecast that TAL Education Group will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On TAL Education Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlas Capital Advisors Inc. acquired a new position in TAL Education Group during the first quarter valued at approximately $29,000. Headlands Technologies LLC bought a new stake in shares of TAL Education Group during the 1st quarter worth $99,000. Hantz Financial Services Inc. boosted its holdings in shares of TAL Education Group by 572.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 9,666 shares of the company’s stock worth $108,000 after buying an additional 8,229 shares during the period. iA Global Asset Management Inc. grew its stake in TAL Education Group by 68.1% in the 1st quarter. iA Global Asset Management Inc. now owns 13,303 shares of the company’s stock valued at $176,000 after buying an additional 5,390 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in TAL Education Group by 19.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,983 shares of the company’s stock worth $143,000 after acquiring an additional 2,268 shares during the period. 37.79% of the stock is currently owned by institutional investors and hedge funds.

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.