TAL Education Group (TAL) Lifted to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of TAL Education Group (NYSE:TAL) from a sell rating to a hold rating in a research note released on Wednesday morning.

According to Zacks, “TAL Education Group provides K-12 after-school tutoring service in China. It offers tutoring services to K-12 students covering academic subjects, including mathematics, English, Chinese, physics, chemistry and biology. The Company delivers its tutoring services through small classes, personalized premium services i.e. one-on-one tutoring and online course offerings. Its extensive network consists of learning centers and service centers in Beijing, Shanghai, Shenzhen, Guangzhou, Tianjin and Wuhan, as well as the Company’s online platform. TAL Education Group is headquartered in Beijing, the People’s Republic of China. “

Several other analysts have also issued reports on TAL. Macquarie lowered shares of TAL Education Group from an outperform rating to a neutral rating in a research report on Friday, October 27th. ValuEngine lowered shares of TAL Education Group from a hold rating to a sell rating in a research report on Friday, December 1st. Finally, Deutsche Bank started coverage on shares of TAL Education Group in a research report on Thursday, January 4th. They set a buy rating and a $35.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $31.55.

Shares of TAL Education Group (NYSE TAL) opened at $31.52 on Wednesday. TAL Education Group has a 12 month low of $13.50 and a 12 month high of $36.16. The company has a market cap of $15,741.36, a P/E ratio of 111.25, a PEG ratio of 1.68 and a beta of 0.40. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.25.

A number of hedge funds and other institutional investors have recently made changes to their positions in TAL. Baillie Gifford & Co. lifted its holdings in TAL Education Group by 530.5% during the third quarter. Baillie Gifford & Co. now owns 23,724,100 shares of the company’s stock valued at $799,739,000 after purchasing an additional 19,961,398 shares in the last quarter. Greenwoods Asset Management Ltd lifted its holdings in TAL Education Group by 474.7% during the third quarter. Greenwoods Asset Management Ltd now owns 6,626,686 shares of the company’s stock valued at $223,386,000 after purchasing an additional 5,473,555 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in TAL Education Group by 501.8% during the third quarter. Principal Financial Group Inc. now owns 4,816,308 shares of the company’s stock valued at $162,358,000 after purchasing an additional 4,015,962 shares in the last quarter. Thornburg Investment Management Inc. lifted its holdings in TAL Education Group by 1,386.4% during the third quarter. Thornburg Investment Management Inc. now owns 3,353,831 shares of the company’s stock valued at $113,058,000 after purchasing an additional 3,128,201 shares in the last quarter. Finally, TB Alternative Assets Ltd. lifted its holdings in TAL Education Group by 444.4% during the third quarter. TB Alternative Assets Ltd. now owns 2,836,432 shares of the company’s stock valued at $95,616,000 after purchasing an additional 2,315,385 shares in the last quarter. Institutional investors own 51.22% of the company’s stock.

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About TAL Education Group

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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