TAL Education Group (NYSE:TAL) has recently received an upgrade from Wall Street Zen, moving its rating from “hold” to “buy.” This announcement, made on Saturday, adds to a series of positive evaluations from various financial institutions targeting the company’s stock.
On October 30, 2023, JPMorgan Chase & Co. elevated TAL Education Group’s status from “neutral” to “overweight,” setting a target price of $16.00. This followed a mixed bag of assessments, notably from Zacks Research, which downgraded the company from a “strong-buy” to a “hold” rating on December 29, 2023. Weiss Ratings also reiterated a “hold (c)” rating on the same day. Additionally, Macquarie upgraded TAL from “neutral” to “outperform,” with a target price of $18.00.
Currently, among the analysts covering TAL Education Group, two have assigned a “buy” rating while three have given it a “hold” rating. As a result, the stock has a consensus rating of “hold” with a price target averaging $15.18, according to information from MarketBeat.com.
Institutional Investment Trends
Recent changes in institutional holdings reflect growing confidence in TAL Education Group. PNC Financial Services Group Inc. increased its position in the company by 8.6% during the third quarter, now owning 15,185 shares valued at approximately $170,000 after acquiring an additional 1,202 shares. Similarly, HighVista Strategies LLC raised its stake by 8.3%, now holding 19,600 shares worth around $220,000.
Further bolstering its investment, Greenleaf Trust increased its stake by 5.1% in the fourth quarter, owning 32,625 shares valued at about $356,000 after adding 1,597 shares. The Public Sector Pension Investment Board also made a modest increase of 1.0% in its holdings, now having 157,482 shares worth around $1.6 million after purchasing an extra 1,600 shares.
Overall, institutional investors currently hold approximately 37.79% of TAL Education Group’s stock, indicating substantial interest from major investment entities.
About TAL Education Group
Founded in 2003 and headquartered in Beijing, TAL Education Group has established itself as a prominent provider of after-school tutoring services in China. The company specializes in K-12 academic instruction, offering various programs aimed at enhancing students’ core competencies in subjects such as mathematics, English, Chinese, and science.
TAL utilizes both in-person learning centers and digital platforms to engage students through interactive lessons and personalized study plans, supporting their academic progress. As one of China’s largest private education firms, TAL continues to adapt its offerings to meet the evolving educational landscape.
Investors and analysts alike will be closely monitoring TAL Education Group’s performance in the coming months, particularly in light of these recent upgrades and the ongoing trends in institutional investment.
