|Over a week ago|
TAL Education downgraded to Neutral from Overweight at JPMorgan (Friday) » 08:4410/2610/26/20
JPMorgan analyst DS Kim…
JPMorgan analyst DS Kim downgraded on Friday TAL Education (TAL) to Neutral from Overweight with a price target of $75, down from $90. The analyst had "hopes: of sustained triple-digit online growth, bottoming online profitability and offline performance that's on-par with New Oriental Education (EDU) into the second half of fiscal 2021. However, the chance of these happening "appears slim," Kim told investors in a research note. The analyst says TAL's risk/reward profile "looks mixed at best given consensus risks."
|Over a month ago|
TAL Education downgraded to Neutral from Overweight at JPMorgan » 04:4310/2310/23/20
JPMorgan analyst DS Kim…
JPMorgan analyst DS Kim downgraded TAL Education to Neutral from Overweight with a $75 price target.
Goldman keeps Buy on TAL Education despite Q2 miss on slower Xueersi.com » 15:1310/2210/22/20
Goldman Sachs analyst…
Goldman Sachs analyst Christine Cho notes that TAL Education reported below-expected Q2 results, with net revenues growing by 21% year-over-year, which was below consensus due to slower revenue growth of Xueersi.com. TAL also guided Q3 net revenues between $1.061B and $1.094B with an implied year-over-year growth of 28%-32%, which is below Goldman Sachs and Bloomberg consensus estimates at the mid-point, Cho adds. The analyst keeps a Buy rating and a price target of $88 on TAL shares.
TAL Education sees Q3 revenue $1.06B-$1.09B, consensus $1.14B » 05:1210/2210/22/20
Based on current…
Based on current estimates, total net revenues for Q3 are expected to be between $1.06B and $1.09B, representing an increase of 28% to 32% on a year-over-year basis. These estimates reflect the company's current expectation, which is subject to change.
TAL Education reports Q2 EPS 8c, consensus 12c » 05:1010/2210/22/20
Reports Q2 revenue $1.1B,…
Reports Q2 revenue $1.1B, consensus $1.13B. Total student enrollments of normal priced long-term course increased by 65% year-over-year to approximately 5,632,210 from approximately 3,413,120 in the same period of the prior year. Total physical network increased from 871 learning centers in 70 cities as of February 29 to 936 learning centers in 91 cities as of August 31. "TAL's financial results of the second fiscal quarter reflected a combination of the continued strong growth momentum of our online courses and the lingering pressure on our offline business in this period. Although the second fiscal quarter was marked by the extended impact of the COVID-19 outbreak, we are encouraged to see that the public health situation and general economy began to improve in China, and offline teaching and tutoring gradually resumed during the summer months," said Rong Luo, TAL's CFO.
TAL Education upgraded to Outperform from Underperform at CLSA » 09:3109/0909/09/20
CLSA analyst Youngrin Kim…
CLSA analyst Youngrin Kim upgraded TAL Education to Outperform from Underperform with an unchanged price target of $80 after seeing more evidence of TAL showcasing its latest R&D efforts to incorporate AI in their online offerings while the company is participating in the 2020 China International Fair for Trade in Services. Kim, who sees TAL building a long-term competitive moat in online, thinks share price weakness could be a buying opportunity for long-term investors.
Tal Education Group put volume heavy and directionally bearish » 10:1509/0309/03/20
Bearish flow noted in Tal…
Bearish flow noted in Tal Education Group with 2,208 puts trading, or 7x expected. Most active are Sep-20 72.5 puts and Sep-20 77.5 puts, with total volume in those strikes near 1,500 contracts. The Put/Call Ratio is 34.50, while ATM IV is up nearly 5 points on the day. Earnings are expected on October 29th.
Fly Intel: Top five analyst initiations » 10:1509/0209/02/20
TAL, EDU, PS, EVRG, NLS, DKNG
Catch up on today's…
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. TAL Education (TAL) and New Oriental Education (EDU) were initiated with a Buy at Jefferies. 2. Pluralsight (PS) initiated with a Buy at DA Davidson. 3. Evergy (EVRG) reinstated with a Neutral at Goldman Sachs. 4. Nautilus (NLS) initiated with an Outperform at William Blair. 5. DraftKings (DKNG) initiated with a Hold at Truist. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
New Oriental Education, TAL Education started with a Buy at Jefferies » 18:2309/0109/01/20
As previously reported,…
As previously reported, Jefferies analyst John Chou initiated coverage of New Oriental Education (EDU) and TAL Education (TAL) with a Buy rating and respective price targets of $175 and $90. The analyst sees the names as "long-term winners" post COVID-19, anticipating a "paradigm shifts in education consumption" with greater online "disruption" and more competition. Chou adds that TAL is his top pick in the K-12 After School Tutoring, or AST, with "Lean and Mean" attributes of "superior" online economics, strong pricing power, and its emerging B2B products. The analyst also sees New Oriental Education as the "Education giant" with strong positioning in K-12 AST along with its test preparation offering.
TAL Education initiated with a Buy at Jefferies » 16:3409/0109/01/20
Jefferies analyst John…
Jefferies analyst John Chou initiated coverage of TAL Education with a Buy rating and $90 price target.