TAL Education Group (NYSE:TAL) had its price objective increased by J P Morgan Chase & Co to $190.00 in a research note issued to investors on Thursday morning. The firm currently has an overweight rating on the stock.

A number of other equities research analysts also recently issued reports on the stock. Citigroup Inc. began coverage on shares of TAL Education Group in a research note on Tuesday, July 18th. They issued a neutral rating and a $150.00 price target on the stock. Macquarie began coverage on shares of TAL Education Group in a research note on Thursday, June 29th. They issued an outperform rating and a $165.00 price target on the stock. Goldman Sachs Group, Inc. (The) downgraded shares of TAL Education Group from a buy rating to a neutral rating and set a $133.00 price target on the stock. in a research note on Tuesday, May 16th. Zacks Investment Research downgraded shares of TAL Education Group from a buy rating to a hold rating in a research note on Tuesday, May 2nd. Finally, Benchmark Co. boosted their price target on shares of TAL Education Group to $137.00 and gave the company a buy rating in a research note on Thursday, April 27th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $141.88.

Shares of TAL Education Group (NYSE TAL) traded up 2.95% during trading on Thursday, reaching $157.17. 513,890 shares of the company’s stock were exchanged. The company has a 50 day moving average of $130.42 and a 200 day moving average of $108.52. The stock has a market cap of $12.95 billion, a P/E ratio of 107.72 and a beta of 0.21. TAL Education Group has a 12-month low of $57.63 and a 12-month high of $157.79.

TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, July 27th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.16. The business had revenue of $321.90 million for the quarter, compared to the consensus estimate of $306.46 million. TAL Education Group had a net margin of 11.14% and a return on equity of 19.93%. TAL Education Group’s revenue for the quarter was up 65.0% compared to the same quarter last year. Equities research analysts anticipate that TAL Education Group will post $2.06 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in TAL. Nomura Asset Management Co. Ltd. acquired a new position in shares of TAL Education Group during the first quarter worth $330,000. DnB Asset Management AS acquired a new position in shares of TAL Education Group during the second quarter worth $12,684,000. Handelsbanken Fonder AB acquired a new position in shares of TAL Education Group during the second quarter worth $7,339,000. Xact Kapitalforvaltning AB acquired a new position in shares of TAL Education Group during the second quarter worth $734,000. Finally, Capstone Asset Management Co. acquired a new position in shares of TAL Education Group during the second quarter worth $462,000. Hedge funds and other institutional investors own 57.61% of the company’s stock.

About TAL Education Group

TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.

Analyst Recommendations for TAL Education Group (NYSE:TAL)

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