TAL Education Group Receives “Moderate Buy” Consensus Rating

Shares of TAL Education Group (NYSE:TAL) have been given an average consensus rating of “Moderate Buy” by six analysts currently covering the firm, according to Marketbeat.com. The analysis indicates that three investment analysts recommend holding the stock, two suggest buying, and one has issued a strong buy recommendation.

The average one-year target price set by these analysts is $13.91. Recently, various analysts have revised their ratings on TAL Education Group. Notably, Wall Street Zen upgraded the stock from a “hold” to a “buy” rating in a report released on November 4, 2023. Similarly, Zacks Research elevated its rating from “hold” to “strong buy” on the same day, while JPMorgan Chase & Co. raised its recommendation from “neutral” to “overweight” with a price target of $16.00 on October 30, 2023. Conversely, Weiss Ratings reaffirmed a “hold (c)” rating for the company in a report issued on November 1, 2023.

Recent Earnings Performance

TAL Education Group released its latest earnings report on October 30, 2023, revealing earnings per share of $0.21 for the quarter. This figure surpassed analysts’ consensus estimates of $0.16 by $0.05. The company generated revenues of $861.35 million, exceeding the projected $819.03 million that analysts anticipated. TAL Education Group reported a return on equity of 4.71% and a net margin of 6.45%. Looking ahead, analysts predict that TAL Education Group will post an earnings per share of $0.20 for the current fiscal year.

Institutional Investment Trends

Several hedge funds have recently adjusted their stakes in TAL Education Group. Atlas Capital Advisors Inc. acquired a new position in the company during the first quarter, investing approximately $29,000. Meanwhile, Quarry LP purchased a new position valued at about $42,000 in the third quarter. Headlands Technologies LLC also acquired a new position during the first quarter, valued at around $99,000.

In the third quarter, Hantz Financial Services Inc. significantly increased its holdings by 572.7%, owning 9,666 shares worth approximately $108,000 after acquiring an additional 8,229 shares. Additionally, Brooklyn Investment Group boosted its stake by 386.0%, now holding 11,080 shares valued at $124,000 after purchasing an extra 8,800 shares.

Currently, institutional investors own approximately 37.79% of TAL Education Group’s stock.

TAL Education Group specializes in K-12 after-school tutoring services within the People’s Republic of China. The company offers various educational services, including small-class tutoring, personalized premium services, and learning content solutions, such as print materials, mobile applications, and AI-driven learning devices.