TAL Education Group (TAL) Lowered to Hold at Zacks Investment Research
Zacks Investment Research cut shares of TAL Education Group (NYSE:TAL) from a buy rating to a hold rating in a report published on Tuesday.
According to Zacks, “TAL Education Group provides K-12 after-school tutoring service in China. It offers tutoring services to K-12 students covering academic subjects, including mathematics, English, Chinese, physics, chemistry and biology. The Company delivers its tutoring services through small classes, personalized premium services i.e. one-on-one tutoring and online course offerings. Its extensive network consists of learning centers and service centers in Beijing, Shanghai, Shenzhen, Guangzhou, Tianjin and Wuhan, as well as the Company’s online platform. TAL Education Group is headquartered in Beijing, the People’s Republic of China. “
TAL has been the subject of a number of other reports. Jefferies Group LLC reissued a buy rating and set a $29.33 target price on shares of TAL Education Group in a research note on Monday, July 31st. Morgan Stanley assumed coverage on TAL Education Group in a research report on Friday, August 25th. They issued an overweight rating and a $37.00 price target on the stock. UBS AG assumed coverage on TAL Education Group in a research report on Tuesday, August 1st. They issued a buy rating on the stock. J P Morgan Chase & Co increased their price target on TAL Education Group to $31.67 and gave the company an overweight rating in a research report on Thursday, July 27th. Finally, Macquarie assumed coverage on TAL Education Group in a research report on Thursday, June 29th. They issued an outperform rating and a $27.50 price target on the stock. Three analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. TAL Education Group has an average rating of Buy and a consensus target price of $25.76.
Shares of TAL Education Group (TAL) opened at 29.26 on Tuesday. The firm has a market cap of $14.46 billion, a PE ratio of 120.41 and a beta of 0.26. TAL Education Group has a 52 week low of $9.87 and a 52 week high of $32.33. The firm’s 50-day moving average price is $26.27 and its 200 day moving average price is $20.22.
TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, July 27th. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.02. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The firm had revenue of $321.90 million during the quarter, compared to the consensus estimate of $306.46 million. The firm’s quarterly revenue was up 65.0% on a year-over-year basis. Equities analysts anticipate that TAL Education Group will post $0.33 EPS for the current year.
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A number of institutional investors have recently modified their holdings of the company. Navellier & Associates Inc purchased a new position in shares of TAL Education Group during the second quarter valued at about $2,569,000. Tairen Capital Ltd purchased a new position in shares of TAL Education Group during the second quarter valued at about $93,062,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of TAL Education Group during the second quarter valued at about $293,000. Wasatch Advisors Inc. purchased a new position in shares of TAL Education Group during the second quarter valued at about $1,092,000. Finally, Wealthsource Partners LLC purchased a new position in shares of TAL Education Group during the second quarter valued at about $458,000. 8.63% of the stock is owned by hedge funds and other institutional investors.
TAL Education Group Company Profile
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.
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