TAL Education Group (NYSE:TAL) hit a new 52-week high during trading on Wednesday . The company traded as high as $171.28 and last traded at $171.75, with a volume of 269,977 shares. The stock had previously closed at $168.18.
A number of brokerages have recently commented on TAL. Citigroup Inc. began coverage on shares of TAL Education Group in a report on Tuesday, July 18th. They set a “neutral” rating and a $25.00 price target for the company. Jefferies Group LLC reiterated a “buy” rating and set a $29.33 price target on shares of TAL Education Group in a report on Monday, July 31st. UBS AG began coverage on shares of TAL Education Group in a report on Tuesday, August 1st. They set a “buy” rating for the company. Zacks Investment Research downgraded shares of TAL Education Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, J P Morgan Chase & Co lifted their price target on shares of TAL Education Group to $31.67 and gave the stock an “overweight” rating in a report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $23.65.
The firm has a market cap of $14.55 billion, a PE ratio of 121.19 and a beta of 0.26. The firm’s 50-day moving average price is $25.07 and its 200 day moving average price is $19.63.
TAL Education Group (NYSE:TAL) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The firm had revenue of $321.90 million for the quarter, compared to the consensus estimate of $306.46 million. The company’s quarterly revenue was up 65.0% compared to the same quarter last year. Equities analysts predict that TAL Education Group will post $0.33 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in TAL. Dynamic Technology Lab Private Ltd purchased a new position in TAL Education Group during the second quarter worth approximately $293,000. Wasatch Advisors Inc. purchased a new position in TAL Education Group during the second quarter worth approximately $1,092,000. Wealthsource Partners LLC purchased a new position in TAL Education Group during the second quarter worth approximately $458,000. Castleark Management LLC purchased a new position in TAL Education Group during the second quarter worth approximately $580,000. Finally, Bank of Nova Scotia purchased a new position in TAL Education Group during the second quarter worth approximately $1,957,000. Hedge funds and other institutional investors own 57.64% of the company’s stock.
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TAL Education Group Company Profile
TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.
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