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

Shares of TAL Education Group (NYSE:TAL) have been given an average recommendation of “Moderate Buy” by the four analysts that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $15.05.

A number of research firms recently weighed in on TAL. Weiss Ratings cut shares of TAL Education Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, October 27th. Zacks Research raised shares of TAL Education Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of TAL Education Group from a “buy” rating to a “hold” rating in a report on Sunday, October 25th. New Street Research set a $13.60 price target on shares of TAL Education Group in a research note on Friday, July 31st. Finally, Jefferies Financial Group started coverage on shares of TAL Education Group in a report on Friday, July 31st. They set a “hold” rating for the company.

Hedge Funds Weigh In On TAL Education Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its position in TAL Education Group by 13.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 16,781,509 shares of the company’s stock valued at $202,553,000 after purchasing an additional 2,038,071 shares in the last quarter. Marshall Wace LLP grew its position in shares of TAL Education Group by 15,040.3% during the 3rd quarter. Marshall Wace LLP now owns 1,914,344 shares of the company’s stock worth $23,106,000 after buying an additional 1,901,700 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of TAL Education Group by 26.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 7,395,434 shares of the company’s stock worth $84,086,000 after buying an additional 1,546,549 shares in the last quarter. SEB Asset Management AB bought a new position in TAL Education Group during the 1st quarter worth about $13,010,000. Finally, Sei Investments Co. increased its position in TAL Education Group by 315.5% during the 1st quarter. Sei Investments Co. now owns 701,552 shares of the company’s stock valued at $7,977,000 after purchasing an additional 532,694 shares during the period. 37.79% of the stock is owned by institutional investors.

TAL Education Group Trading Up 3.3%

NYSE TAL traded up $0.33 on Friday, reaching $10.28. 4,756,897 shares of the stock were exchanged, compared to its average volume of 6,610,694. TAL Education Group has a one year low of $8.88 and a one year high of $13.23. The firm has a market capitalization of $5.69 billion, a PE ratio of 7.84, a PEG ratio of 0.63 and a beta of 0.22. The company’s 50-day simple moving average is $11.38 and its two-hundred day simple moving average is $11.05.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, October 29th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.24). The firm had revenue of $994.65 million during the quarter, compared to the consensus estimate of $1.09 billion. TAL Education Group had a return on equity of 18.96% and a net margin of 22.13%. Sell-side analysts forecast 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 issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 1st.

About TAL Education Group

TAL Education Group is a China-based education and technology company that provides learning services, educational content and related technology products. Its offerings include learning programs and digital resources for students, as well as smart learning devices and solutions for families and schools. Founded in 2003 as Xueersi, the company later adopted the name TAL Education Group. Following changes to China’s regulation of compulsory-education tutoring, TAL shifted its business toward services and products such as non-academic learning programs, educational technology and learning materials.