TAL Education Group (NYSE:TAL) Trading 4.4% Higher

TAL Education Group (NYSE:TAL)’s share price traded up 4.4% during mid-day trading on Wednesday . The company traded as high as $11.89 and last traded at $11.82. 3,247,696 shares traded hands during trading, a decline of 54% from the average session volume of 7,040,792 shares. The stock had previously closed at $11.32.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. TheStreet raised shares of TAL Education Group from a “d+” rating to a “c-” rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. upgraded shares of TAL Education Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $10.00 to $15.00 in a research report on Thursday, January 25th. Finally, StockNews.com cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $12.37.

TAL Education Group Price Performance

The stock’s fifty day moving average price is $12.64 and its 200 day moving average price is $11.43. The stock has a market capitalization of $7.29 billion, a P/E ratio of -104.18 and a beta of 0.15.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, January 25th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $373.51 million during the quarter, compared to the consensus estimate of $330.96 million. TAL Education Group had a negative return on equity of 1.93% and a negative net margin of 5.30%. On average, sell-side analysts expect that TAL Education Group will post -0.06 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TAL. Yousif Capital Management LLC bought a new position in TAL Education Group during the 1st quarter worth about $39,000. Tower Research Capital LLC TRC grew its holdings in TAL Education Group by 50.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,550 shares of the company’s stock worth $45,000 after acquiring an additional 1,191 shares in the last quarter. Vanguard Personalized Indexing Management LLC bought a new position in TAL Education Group during the 2nd quarter worth about $55,000. Engineers Gate Manager LP purchased a new stake in shares of TAL Education Group during the third quarter valued at about $66,000. Finally, Advisor Partners II LLC purchased a new stake in shares of TAL Education Group during the fourth quarter valued at about $71,000. 37.79% of the stock is currently owned by institutional investors.

About TAL Education Group

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.