TAL Education Group (NYSE:TAL) Upgraded by Zacks Investment Research to “Hold”

Zacks Investment Research upgraded shares of TAL Education Group (NYSE:TAL) from a strong sell rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

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. “

A number of other equities analysts also recently issued reports on TAL. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reaffirmed a neutral rating on shares of TAL Education Group in a research report on Monday, March 29th. CICC Research raised TAL Education Group from a market perform rating to an outperform rating and set a $88.00 target price on the stock in a research report on Friday, January 22nd. UBS Group increased their price target on TAL Education Group from $99.00 to $108.00 and gave the stock a buy rating in a research report on Friday, January 22nd. The Goldman Sachs Group downgraded TAL Education Group from a buy rating to a neutral rating and increased their price target for the stock from $77.00 to $79.00 in a research report on Thursday, January 28th. Finally, Credit Suisse Group downgraded TAL Education Group from an outperform rating to a neutral rating and set a $79.00 price target on the stock. in a research report on Friday, January 22nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. TAL Education Group currently has a consensus rating of Buy and an average price target of $83.18.

Shares of NYSE TAL opened at $58.19 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.18 and a current ratio of 1.19. The firm has a market capitalization of $32.99 billion, a price-to-earnings ratio of 1,164.03, a PEG ratio of 7.27 and a beta of 0.11. The stock has a 50 day moving average price of $70.13 and a 200 day moving average price of $72.41. TAL Education Group has a 52-week low of $47.15 and a 52-week high of $90.96.

TAL Education Group (NYSE:TAL) last posted its earnings results on Wednesday, January 20th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.03. The company had revenue of $1.12 billion during the quarter. TAL Education Group had a return on equity of 1.32% and a net margin of 0.93%. During the same quarter in the prior year, the company earned $0.05 EPS. Analysts forecast that TAL Education Group will post 0.27 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in TAL. HM Payson & Co. purchased a new stake in shares of TAL Education Group in the 3rd quarter valued at approximately $31,000. CI Investments Inc. boosted its holdings in TAL Education Group by 100.0% during the fourth quarter. CI Investments Inc. now owns 432 shares of the company’s stock valued at $31,000 after acquiring an additional 216 shares during the period. Veriti Management LLC acquired a new position in TAL Education Group in the fourth quarter worth about $127,000. Majedie Asset Management Ltd raised its position in TAL Education Group by 19.2% in the fourth quarter. Majedie Asset Management Ltd now owns 2,244 shares of the company’s stock worth $161,000 after purchasing an additional 362 shares in the last quarter. Finally, GVO Asset Management Ltd acquired a new stake in shares of TAL Education Group during the fourth quarter worth approximately $173,000.

TAL Education Group Company Profile

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.

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