TAL Education Group (NYSE:TAL) Lowered to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. downgraded shares of TAL Education Group (NYSE:TAL) from an overweight rating to a neutral rating in a report published on Friday morning, Anlyst Ratings reports. They currently have $75.00 target price on the stock.

TAL has been the subject of several other reports. Goldman Sachs Group boosted their target price on shares of TAL Education Group from $64.00 to $75.00 in a research report on Wednesday, July 1st. Tigress Financial reissued a buy rating on shares of TAL Education Group in a research report on Tuesday, October 13th. CLSA raised shares of TAL Education Group from an underperform rating to an outperform rating and set a $80.00 target price for the company in a research report on Wednesday, September 9th. UBS Group boosted their price target on shares of TAL Education Group from $102.00 to $109.00 and gave the stock a buy rating in a report on Tuesday, September 29th. Finally, Jefferies Financial Group assumed coverage on shares of TAL Education Group in a research note on Tuesday, September 1st. They issued a buy rating and a $90.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the company. TAL Education Group currently has an average rating of Buy and a consensus price target of $77.91.

TAL opened at $69.40 on Friday. TAL Education Group has a 1-year low of $41.24 and a 1-year high of $83.68. The company has a current ratio of 1.22, a quick ratio of 1.21 and a debt-to-equity ratio of 0.10. The company has a market cap of $39.34 billion, a P/E ratio of 6,946.95 and a beta of 0.15. The company has a fifty day moving average price of $75.47 and a two-hundred day moving average price of $67.95.

TAL Education Group (NYSE:TAL) last posted its earnings results on Thursday, October 22nd. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.12 billion. TAL Education Group had a net margin of 0.15% and a return on equity of 0.21%. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.02) earnings per share. On average, research analysts forecast that TAL Education Group will post 0.56 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. Rosenberg Matthew Hamilton purchased a new stake in TAL Education Group in the second quarter worth $35,000. Fifth Third Bancorp purchased a new stake in TAL Education Group in the second quarter worth $160,000. Resonant Capital Advisors LLC purchased a new stake in TAL Education Group in the second quarter worth $205,000. Tuttle Tactical Management purchased a new stake in TAL Education Group in the second quarter worth $206,000. Finally, JustInvest LLC purchased a new stake in TAL Education Group in the third quarter worth $209,000. 60.16% of the stock is 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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