CIBC World Markets Inc. bought a new stake in TAL Education Group (NYSE:TAL) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 8,002 shares of the company’s stock, valued at approximately $979,000.
A number of other large investors also recently modified their holdings of TAL. Nomura Asset Management Co. Ltd. purchased a new stake in TAL Education Group in the 1st quarter valued at $330,000. DnB Asset Management AS purchased a new stake in TAL Education Group in the 2nd quarter valued at $12,684,000. Handelsbanken Fonder AB purchased a new stake in TAL Education Group in the 2nd quarter valued at $7,339,000. Xact Kapitalforvaltning AB purchased a new stake in TAL Education Group in the 2nd quarter valued at $734,000. Finally, Capstone Asset Management Co. purchased a new stake in TAL Education Group in the 2nd quarter valued at $462,000. Institutional investors own 8.59% of the company’s stock.
Several analysts have issued reports on the company. Citigroup Inc. assumed coverage on TAL Education Group in a report on Tuesday, July 18th. They issued a “neutral” rating and a $25.00 target price for the company. Jefferies Group LLC restated a “buy” rating and issued a $29.33 target price on shares of TAL Education Group in a report on Monday, July 31st. UBS AG assumed coverage on TAL Education Group in a report on Tuesday, August 1st. They issued a “buy” rating for the company. Morgan Stanley assumed coverage on TAL Education Group in a report on Friday, August 25th. They issued an “overweight” rating and a $37.00 target price for the company. Finally, J P Morgan Chase & Co upped their target price on TAL Education Group to $31.67 and gave the company an “overweight” rating in a report on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $25.76.
TAL Education Group (TAL) opened at 32.36 on Friday. TAL Education Group has a 52 week low of $11.02 and a 52 week high of $34.19. The firm has a market cap of $15.99 billion, a price-to-earnings ratio of 133.17 and a beta of 0.26. The stock has a 50 day moving average price of $29.40 and a 200 day moving average price of $21.92.
TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.05 EPS for the quarter, beating the Zacks’ consensus estimate of $0.03 by $0.02. The business had revenue of $321.90 million during the quarter, compared to the consensus estimate of $306.46 million. TAL Education Group had a return on equity of 19.47% and a net margin of 11.14%. The company’s quarterly revenue was up 65.0% on a year-over-year basis. Equities research analysts expect that TAL Education Group will post $0.33 EPS for the current year.
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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