FY2019 EPS Estimates for TAL Education Group Lifted by Jefferies Group (NYSE:TAL)

TAL Education Group (NYSE:TAL) – Stock analysts at Jefferies Group upped their FY2019 earnings estimates for shares of TAL Education Group in a research report issued to clients and investors on Thursday, Zacks Investment Research reports. Jefferies Group analyst now anticipates that the company will earn $0.59 per share for the year, up from their previous estimate of $0.51. Jefferies Group also issued estimates for TAL Education Group’s FY2020 earnings at $0.90 EPS.

TAL has been the subject of a number of other research reports. Zacks Investment Research cut TAL Education Group from a “buy” rating to a “hold” rating in a research report on Thursday, December 28th. Macquarie cut TAL Education Group from an “outperform” rating to a “neutral” rating in a research report on Friday, October 27th. Deutsche Bank initiated coverage on TAL Education Group in a research report on Thursday, January 4th. They issued a “buy” rating and a $35.00 price target for the company. Finally, ValuEngine cut TAL Education Group from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $31.55.

Shares of TAL Education Group (NYSE:TAL) opened at $34.79 on Monday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 1.07. The company has a market capitalization of $16,640.00, a PE ratio of 120.17 and a beta of 0.40. TAL Education Group has a 1 year low of $13.50 and a 1 year high of $36.16.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TAL. Baillie Gifford & Co. boosted its stake in shares of TAL Education Group by 530.5% in the third quarter. Baillie Gifford & Co. now owns 23,724,100 shares of the company’s stock worth $799,739,000 after acquiring an additional 19,961,398 shares during the period. Greenwoods Asset Management Ltd boosted its stake in shares of TAL Education Group by 474.7% in the third quarter. Greenwoods Asset Management Ltd now owns 6,626,686 shares of the company’s stock worth $223,386,000 after acquiring an additional 5,473,555 shares during the period. Principal Financial Group Inc. boosted its stake in shares of TAL Education Group by 501.8% in the third quarter. Principal Financial Group Inc. now owns 4,816,308 shares of the company’s stock worth $162,358,000 after acquiring an additional 4,015,962 shares during the period. Thornburg Investment Management Inc. boosted its stake in shares of TAL Education Group by 1,386.4% in the third quarter. Thornburg Investment Management Inc. now owns 3,353,831 shares of the company’s stock worth $113,058,000 after acquiring an additional 3,128,201 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC boosted its stake in shares of TAL Education Group by 1,096.6% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,530,746 shares of the company’s stock worth $85,311,000 after acquiring an additional 2,319,259 shares during the period. 50.92% of the stock is owned by hedge funds and other institutional investors.

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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.

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