TAL Education Group (NYSE:TAL) Stock Has Consensus Price Target of $15.05 According to Analysts

TAL Education Group (NYSE:TAL) has earned a consensus rating of “Moderate Buy” from the four ratings firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $15.05.

TAL has been the subject of several recent research reports. JPMorgan Chase & Co. lifted their target price on shares of TAL Education Group from $16.00 to $16.50 and gave the company an “overweight” rating in a report on Friday, October 30th. Jefferies Financial Group assumed coverage on shares of TAL Education Group in a report on Friday, July 31st. They set a “hold” rating on the stock. New Street Research set a $13.60 price target on shares of TAL Education Group in a research report on Friday, July 31st. Zacks Research upgraded shares of TAL Education Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. Finally, Weiss Ratings cut shares of TAL Education Group from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, October 27th.

Institutional Investors Weigh In On TAL Education Group

A number of institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC raised its holdings in TAL Education Group by 53.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,396 shares of the company’s stock worth $29,000 after purchasing an additional 839 shares during the period. Cassaday & Co Wealth Management LLC purchased a new position in TAL Education Group during the first quarter worth approximately $50,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in TAL Education Group during the third quarter worth approximately $95,000. Private Advisor Group LLC purchased a new position in TAL Education Group during the first quarter worth approximately $137,000. Finally, Ethic Inc. grew its holdings in TAL Education Group by 11.0% in the third quarter. Ethic Inc. now owns 13,186 shares of the company’s stock valued at $159,000 after purchasing an additional 1,308 shares during the period. 37.79% of the stock is currently owned by institutional investors and hedge funds.

TAL Education Group Trading Down 0.5%

Shares of NYSE:TAL opened at $10.14 on Friday. TAL Education Group has a 12-month low of $8.88 and a 12-month high of $13.23. The company has a market capitalization of $5.62 billion, a PE ratio of 7.74, a PEG ratio of 0.65 and a beta of 0.22. The business has a 50 day moving average of $11.57 and a two-hundred day moving average of $11.07.

TAL Education Group (NYSE:TAL) last released its quarterly earnings data on Thursday, October 29th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.24). The company had revenue of $994.65 million during the quarter, compared to analysts’ expectations of $1.09 billion. TAL Education Group had a return on equity of 18.96% and a net margin of 22.13%. Equities research analysts predict that TAL Education Group will post 1.26 earnings per share for the current fiscal year.

TAL Education Group Announces Dividend

The company also recently announced a special dividend, which will be paid on Friday, December 18th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, December 1st.

TAL Education Group Company Profile

TAL Education Group is a Chinese education services provider that offers learning programs, educational content and related services for students. Its offerings have included tutoring and enrichment programs in subjects such as mathematics, science, Chinese and English, along with online learning tools, educational technology and other products designed to support students, parents and teachers.

The company was founded in 2003 as Xueersi and later adopted the name TAL Education Group. It historically operated a network of learning centers and online platforms serving students in China, with a focus on primary and secondary education.