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

TAL Education Group (NYSE:TAL) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

A number of other brokerages have also issued reports on TAL. Weiss Ratings upgraded shares of TAL Education Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, July 31st. New Street Research set a $13.60 price target on TAL Education Group in a research note on Friday, July 31st. Jefferies Financial Group began coverage on TAL Education Group in a report on Friday, July 31st. They issued a “hold” rating for the company. Finally, Wall Street Zen cut TAL Education Group from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. 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’s stock. Based on data from MarketBeat.com, TAL Education Group has an average rating of “Moderate Buy” and a consensus target price of $14.80.

TAL Education Group Trading Down 0.7%

TAL Education Group stock opened at $12.38 on Thursday. TAL Education Group has a 52 week low of $8.88 and a 52 week high of $13.37. The stock has a market cap of $6.86 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 1.06 and a beta of 0.13. The stock has a 50 day moving average of $10.17 and a 200-day moving average of $10.79.

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

Insider Transactions at TAL Education Group

In other TAL Education Group news, insider Alex Zhuangzhuang Peng sold 30,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $12.28, for a total value of $368,400.00. Following the sale, the insider directly owned 15,144 shares in the company, valued at approximately $185,968.32. This trade represents a 66.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.81% of the company’s stock.

Institutional Trading of TAL Education Group

A number of large investors have recently modified their holdings of TAL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in TAL Education Group during the 4th quarter valued at about $213,329,000. Vanguard Group Inc. increased its stake in shares of TAL Education Group by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 17,671,668 shares of the company’s stock valued at $192,798,000 after purchasing an additional 277,473 shares during the period. Bank of America Corp DE increased its stake in shares of TAL Education Group by 14.3% in the second quarter. Bank of America Corp DE now owns 14,060,760 shares of the company’s stock valued at $143,701,000 after purchasing an additional 1,759,945 shares during the period. Tiger Pacific Capital LP increased its stake in shares of TAL Education Group by 6.2% in the second quarter. Tiger Pacific Capital LP now owns 9,233,398 shares of the company’s stock valued at $94,365,000 after purchasing an additional 541,919 shares during the period. Finally, State Street Corp raised its holdings in shares of TAL Education Group by 3.5% during the fourth quarter. State Street Corp now owns 7,818,834 shares of the company’s stock valued at $85,303,000 after buying an additional 265,138 shares during the last quarter. Institutional investors and hedge funds own 37.79% of the company’s stock.

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.