Brokerages Set TAL Education Group (NYSE:TAL) Target Price at $13.30

Shares of TAL Education Group (NYSE:TAL) have earned an average rating of “Buy” from the six analysts that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 1-year price target among brokers that have issued a report on the stock in the last year is $13.30.

Several research analysts have issued reports on the company. HSBC assumed coverage on TAL Education Group in a report on Wednesday, May 29th. They set a “buy” rating and a $16.00 price objective on the stock. Citigroup reduced their price objective on TAL Education Group from $21.30 to $13.40 and set a “buy” rating on the stock in a report on Monday, August 5th. Finally, StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, August 5th.

Institutional Trading of TAL Education Group

Large investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of TAL Education Group by 1,375.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock valued at $28,000 after buying an additional 2,173 shares in the last quarter. Blue Trust Inc. increased its position in shares of TAL Education Group by 569.8% in the 2nd quarter. Blue Trust Inc. now owns 3,282 shares of the company’s stock valued at $37,000 after buying an additional 2,792 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in shares of TAL Education Group in the 1st quarter valued at $47,000. IPG Investment Advisors LLC bought a new stake in shares of TAL Education Group in the 4th quarter valued at $126,000. Finally, Shell Asset Management Co. increased its position in shares of TAL Education Group by 328.8% in the 1st quarter. Shell Asset Management Co. now owns 15,672 shares of the company’s stock valued at $178,000 after buying an additional 12,017 shares in the last quarter. Institutional investors own 37.79% of the company’s stock.

TAL Education Group Price Performance

Shares of TAL opened at $8.32 on Thursday. The business’s 50 day simple moving average is $8.80 and its 200-day simple moving average is $10.65. TAL Education Group has a one year low of $7.34 and a one year high of $15.52. The company has a market capitalization of $5.03 billion, a P/E ratio of -830.67 and a beta of 0.02.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.08. TAL Education Group had a return on equity of 1.46% and a net margin of 3.24%. The firm had revenue of $414.19 million for the quarter, compared to the consensus estimate of $392.39 million. During the same quarter in the prior year, the business earned ($0.07) EPS. On average, sell-side analysts anticipate that TAL Education Group will post 0.1 EPS for the current fiscal year.

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.