TAL Education Group Receives Average “Hold” Rating from Analysts
Shares of TAL Education Group (NYSE:TAL) have been assigned an average rating of “Hold” by five rating firms currently covering the company, according to a report from MarketBeat. Among these analysts, four have issued hold ratings, while one has recommended a buy. The average one-year target price set by brokers is $12.66.
Recent assessments from research analysts reveal varied perspectives on the company. Weiss Ratings reaffirmed its “hold (c-)” rating for TAL Education Group in a report dated September 27, 2023. Meanwhile, Citigroup downgraded the stock from a “buy” to a “neutral” rating on June 27, 2023, reducing its target price from $13.40 to $11.54.
Institutional Movements and Share Performance
In terms of institutional investment, several large investors have modified their stakes in TAL Education Group. The Public Sector Pension Investment Board increased its holdings by 1.0% during the second quarter, owning 157,482 shares valued at approximately $1.6 million after acquiring an additional 1,600 shares.
Additionally, Atlas Capital Advisors Inc. entered the market with a new stake valued at $29,000 in the first quarter. The PNC Financial Services Group Inc. boosted its holdings by 19.4% during the second quarter, now owning 13,983 shares worth $143,000 following the acquisition of 2,268 additional shares.
Another significant player, California State Teachers Retirement System, increased its holdings by 0.9%, resulting in ownership of 267,434 shares valued at around $2.7 million. Lastly, Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings by 0.7% in the first quarter, now holding 342,856 shares worth approximately $4.5 million. Currently, institutional investors own 37.79% of TAL Education Group’s stock.
Company Overview and Market Context
Founded to provide K-12 after-school tutoring services, TAL Education Group operates primarily within the People’s Republic of China. The company offers various educational services, including small-class formats, personalized premium services, and learning content solutions, which encompass print materials, smart books, mobile applications, and AI-driven educational devices.
With the current market dynamics and analyst ratings, TAL Education Group remains closely watched by investors and analysts alike. As educational services evolve, the company’s performance will likely be influenced by market conditions, regulatory changes, and shifts in consumer demand for tutoring services.
