TAL Education Group (NYSE:TAL) Upgraded at DBS Vickers

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DBS Vickers upgraded shares of TAL Education Group (NYSE:TAL) to a buy rating in a report issued on Monday morning, TipRanks reports. The brokerage currently has $61.30 price target on the stock.

Several other analysts also recently issued reports on TAL. Zacks Investment Research downgraded shares of TAL Education Group from a hold rating to a sell rating in a report on Tuesday, March 17th. Macquarie raised shares of TAL Education Group from a neutral rating to an outperform rating and upped their price target for the company from $40.00 to $56.60 in a report on Wednesday, January 8th. JPMorgan Chase & Co. upped their price target on shares of TAL Education Group from $48.50 to $64.00 and gave the company an overweight rating in a report on Tuesday, March 3rd. Bank of America raised shares of TAL Education Group from a neutral rating to a buy rating in a report on Monday, March 2nd. Finally, Deutsche Bank started coverage on shares of TAL Education Group in a research note on Friday, February 28th. They set a buy rating and a $68.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and ten have assigned a buy rating to the company. The company currently has an average rating of Buy and an average price target of $55.88.

Shares of NYSE TAL opened at $55.73 on Monday. TAL Education Group has a 12-month low of $30.78 and a 12-month high of $59.76. The company has a market capitalization of $31.45 billion, a PE ratio of 293.33, a price-to-earnings-growth ratio of 2.10 and a beta of 0.27. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.37 and a quick ratio of 1.36. The firm’s 50-day moving average is $55.25 and its two-hundred day moving average is $46.65.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Tuesday, January 21st. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.12). TAL Education Group had a net margin of 3.29% and a return on equity of 4.12%. The business had revenue of $862.40 million during the quarter, compared to analysts’ expectations of $841.80 million. During the same period last year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 47.2% on a year-over-year basis. On average, analysts forecast that TAL Education Group will post 0.5 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in TAL. NEXT Financial Group Inc purchased a new position in shares of TAL Education Group during the fourth quarter valued at approximately $32,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of TAL Education Group during the fourth quarter valued at approximately $39,000. CWM LLC purchased a new position in shares of TAL Education Group during the fourth quarter valued at approximately $39,000. Executive Wealth Management LLC purchased a new position in shares of TAL Education Group during the third quarter valued at approximately $85,000. Finally, Signaturefd LLC lifted its stake in shares of TAL Education Group by 31.1% during the fourth quarter. Signaturefd LLC now owns 2,228 shares of the company’s stock valued at $107,000 after buying an additional 529 shares during the period. 62.10% of the stock is currently owned by institutional investors and hedge funds.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese. The company also provides tutoring services primarily through small classes under the Xueersi, Mobby, and Firstleap brand names; personalized premium services under Izhikang name; and online courses.

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Analyst Recommendations for TAL Education Group (NYSE:TAL)

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