The stock of TAL Education Group ADR (NYSE:TAL) last traded at $10.17, up 5.83% from the previous session.
Data from the available sources indicates that TAL Education Group ADR (NYSE:TAL) is covered by 15 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $11.60 and a low of $6.70, we find $8.80. Given the previous closing price of $9.61, this indicates a potential downside of -8.43 percent. TAL stock price is now 29.11% away from the 50-day moving average and 47.19% away from the 200-day moving average. The market capitalization of the company currently stands at $4.98B.
In total, 3 analysts have assigned it a hold rating, and 9 have given it a buy rating. Brokers who have rated the stock have averaged $9.04 as their price target over the next twelve months.
With the price target maintained at $11.60, UBS recently Upgraded its rating from Neutral to Buy for TAL Education Group ADR (NYSE: TAL).
A total of 0.51% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TAL stock. A new stake in TAL Education Group ADR shares was purchased by HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND during the first quarter worth $102,391,000. CUBIST SYSTEMATIC STRATEGIES, LLC invested $3,640,000 in shares of TAL during the first quarter. In the first quarter, POINT72 HONG KONG LTD acquired a new stake in TAL Education Group ADR valued at approximately $1,751,000. BALYASNY ASSET MANAGEMENT L.P. acquired a new stake in TAL for approximately $1,223,000. INTECH INVESTMENT MANAGEMENT LLC purchased a new stake in TAL valued at around $1,006,000 in the second quarter. In total, there are 307 active investors with 49.43% ownership of the company’s stock.
With an opening price of $9.54 on Tuesday morning, TAL Education Group ADR (NYSE: TAL) set off the trading day. During the past 12 months, TAL Education Group ADR has had a low of $2.81 and a high of $10.45. As of last week, the company has a debt-to-equity ratio of 0.05, a current ratio of 3.59, and a quick ratio of 3.53. The fifty day moving average price for TAL is $7.94 and a two-hundred day moving average price translates $6.92 for the stock.
The latest earnings results from TAL Education Group ADR (NYSE: TAL) was released for May, 2023. According to the Education & Training Services Company, earnings per share came in at -$0.03, missing analysts’ expectations of $0 by -0.03. This compares to -$0.07 EPS in the same period last year. The net profit margin was -12.77% and return on equity was -3.62% for TAL. The company reported revenue of $275.44 million for the quarter, compared to $224.04 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 22.94 percent. For the current quarter, analysts expect TAL to generate $393.73M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/25/2017. Investors who held shares on 05/11/2017 were paid a $0.485 dividend.
TAL Education Group ADR(TAL) Company Profile
TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese. It provides tutoring services primarily through small-class services under the Xueersi, Xueersi Online School, First Leap, Tipaipai, Xiaohou AI, Xiaohoucode, Aiqidao, Mamabang, Kaoyanbang, and Shunshunliuxue brand names; and personalized premium services under Izhikang name. The company also operates jzb.com, an online education platform; provides investment management and consulting services; develops and sells software and networks, as well as related consulting services; and sells educational materials and products. TAL Education Group was founded in 2003 and is headquartered in Beijing, the People’s Republic of China.
