TAL Education Group (NYSE:TAL) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of TAL Education Group (NYSE:TAL) from a hold rating to a strong-buy rating in a research note published on Thursday morning,Zacks.com reports.

Several other research firms also recently weighed in on TAL. Wall Street Zen downgraded TAL Education Group from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Jefferies Financial Group began coverage on shares of TAL Education Group in a report on Friday, July 31st. They issued a “hold” rating on the stock. Weiss Ratings upgraded shares of TAL Education Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, July 31st. Finally, New Street Research set a $13.60 price target on shares of TAL Education Group in a research note on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.80.

TAL Education Group Stock Performance

TAL Education Group stock opened at $12.38 on Thursday. TAL Education Group has a fifty-two week low of $8.88 and a fifty-two week high of $13.37. The company has a market capitalization of $6.86 billion, a P/E ratio of 7.69, a PEG ratio of 1.06 and a beta of 0.13. The stock has a 50-day simple moving average of $10.17 and a 200-day simple moving average of $10.79.

TAL Education Group (NYSE:TAL) last announced its earnings results on Thursday, July 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.46. The firm had revenue of $758.38 million during the quarter, compared to analysts’ expectations of $719.40 million. TAL Education Group had a return on equity of 24.55% and a net margin of 28.43%. As a group, analysts forecast that TAL Education Group will post 0.86 earnings per share for the current year.

Insiders Place Their Bets

In other TAL Education Group news, insider Alex Zhuangzhuang Peng sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $12.28, for a total transaction of $368,400.00. Following the transaction, the insider owned 15,144 shares in the company, valued at approximately $185,968.32. The trade was a 66.45% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.81% of the company’s stock.

Institutional Trading of TAL Education Group

Several hedge funds have recently modified their holdings of the business. Quarry LP purchased a new position in TAL Education Group in the third quarter valued at about $42,000. DV Equities LLC acquired a new stake in shares of TAL Education Group in the 4th quarter worth approximately $49,000. Cassaday & Co Wealth Management LLC purchased a new position in TAL Education Group in the 1st quarter valued at approximately $50,000. Daiwa Securities Group Inc. increased its stake in TAL Education Group by 194.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 5,750 shares of the company’s stock valued at $63,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in TAL Education Group during the first quarter worth $109,000. 37.79% of the stock is owned by institutional investors and hedge funds.

About TAL Education Group

TAL Education Group is a leading provider of after-school tutoring services in China, specializing in K-12 academic instruction. The company offers a range of programs designed to help primary and secondary school students strengthen their core competencies in subjects such as mathematics, English, Chinese language and science. TAL leverages both in-person learning centers and digital platforms to deliver its curriculum, aiming to support student progress through interactive lessons and personalized study plans.

Founded in 2003 and headquartered in Beijing, TAL Education Group has grown into one of China’s largest private education firms.