TAL Education Group (TAL) Shares Up 5.7%
TAL Education Group (NYSE:TAL) shares shot up 5.7% on Tuesday . The company traded as high as $30.34 and last traded at $30.14. 6,788,722 shares were traded during trading, an increase of 23% from the average session volume of 5,540,000 shares. The stock had previously closed at $28.51.
A number of brokerages have recently weighed in on TAL. Zacks Investment Research upgraded TAL Education Group from a “hold” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a report on Thursday, October 26th. Citigroup Inc. began coverage on TAL Education Group in a report on Tuesday, July 18th. They set a “neutral” rating and a $25.00 price target on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $29.33 price target on shares of TAL Education Group in a report on Monday, July 31st. UBS AG began coverage on TAL Education Group in a report on Tuesday, August 1st. They set a “buy” rating on the stock. Finally, Morgan Stanley began coverage on TAL Education Group in a report on Friday, August 25th. They set an “overweight” rating and a $37.00 price target on the stock. Three investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $31.16.
The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $15,350.00, a P/E ratio of 118.79, a P/E/G ratio of 1.33 and a beta of 0.20.
TAL Education Group (NYSE:TAL) last issued its earnings results on Thursday, October 26th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). TAL Education Group had a net margin of 9.90% and a return on equity of 18.17%. The firm had revenue of $455.80 million during the quarter, compared to analysts’ expectations of $441.18 million. The business’s quarterly revenue was up 68.1% compared to the same quarter last year. equities analysts expect that TAL Education Group will post 0.37 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. purchased a new position in TAL Education Group in the second quarter valued at about $153,000. Tower Research Capital LLC TRC purchased a new position in TAL Education Group in the second quarter valued at about $154,000. QS Investors LLC purchased a new position in TAL Education Group in the second quarter valued at about $208,000. Brighton Jones LLC purchased a new position in TAL Education Group in the second quarter valued at about $226,000. Finally, Greenleaf Trust purchased a new position in TAL Education Group in the second quarter valued at about $229,000. Hedge funds and other institutional investors own 14.94% of the company’s stock.
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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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