TAL Education Group (NYSE:TAL) has been assigned an average recommendation of “Buy” from the eleven ratings firms that are covering the company, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $41.48.
A number of research firms have recently commented on TAL. Jefferies Financial Group lowered Reliance Steel & Aluminum from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $105.00 to $100.00 in a research note on Friday, April 26th. ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 27th. Tigress Financial reiterated a “buy” rating on shares of TAL Education Group in a research note on Tuesday, July 2nd. Daiwa Capital Markets upgraded TAL Education Group from a “neutral” rating to an “outperform” rating in a research note on Friday, April 26th. Finally, Morgan Stanley lifted their price objective on Intuit from $225.00 to $245.00 and gave the stock an “equal weight” rating in a research note on Monday, March 25th.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in TAL Education Group by 19.6% during the first quarter. BlackRock Inc. now owns 19,426,884 shares of the company’s stock worth $700,920,000 after buying an additional 3,188,048 shares in the last quarter. Hillhouse Capital Advisors Ltd. acquired a new stake in TAL Education Group during the fourth quarter worth about $199,452,000. Yiheng Capital LLC grew its position in TAL Education Group by 35.9% during the fourth quarter. Yiheng Capital LLC now owns 4,455,884 shares of the company’s stock worth $118,883,000 after buying an additional 1,176,935 shares in the last quarter. FMR LLC grew its position in TAL Education Group by 64.8% during the first quarter. FMR LLC now owns 3,819,325 shares of the company’s stock worth $137,801,000 after buying an additional 1,501,348 shares in the last quarter. Finally, Norges Bank acquired a new stake in TAL Education Group during the fourth quarter worth about $90,314,000. 60.06% of the stock is currently owned by institutional investors and hedge funds.
TAL Education Group (NYSE:TAL) last posted its earnings results on Thursday, April 25th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.06. TAL Education Group had a return on equity of 18.28% and a net margin of 14.33%. The company had revenue of $726.60 million for the quarter, compared to analyst estimates of $685.64 million. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue was up 44.1% compared to the same quarter last year. Research analysts predict that TAL Education Group will post 0.69 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 offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese. The company also provides tutoring services primarily through small classes under the Xueersi, Mobby, and Firstleap brand names; personalized premium services under Izhikang name; and online courses.
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