TAL Education Group (NYSE:TAL) Trading Up 3.8% – Here’s Why

TAL Education Group (NYSE:TAL)’s stock price was up 3.8% during mid-day trading on Monday . The stock traded as high as $10.98 and last traded at $10.93. Approximately 1,992,434 shares were traded during trading, a decline of 76% from the average daily volume of 8,357,737 shares. The stock had previously closed at $10.52.

Analysts Set New Price Targets

TAL has been the topic of a number of analyst reports. StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. UBS Group increased their target price on shares of TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a report on Friday, January 24th. Macquarie downgraded TAL Education Group from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $14.50 to $10.90 in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. cut TAL Education Group from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $16.00 to $11.00 in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.70.

TAL Education Group Price Performance

The stock’s fifty day moving average price is $11.05 and its 200 day moving average price is $11.16. The stock has a market capitalization of $6.56 billion, a P/E ratio of 57.11 and a beta of 0.08.

TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.06). TAL Education Group had a return on equity of 3.22% and a net margin of 5.77%. The business had revenue of $610.24 million during the quarter, compared to analyst estimates of $639.89 million. During the same period in the previous year, the company posted $0.08 EPS. On average, sell-side analysts expect that TAL Education Group will post 0.2 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Atlas Capital Advisors Inc. acquired a new position in TAL Education Group during the 1st quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new position in TAL Education Group in the fourth quarter valued at $40,000. iA Global Asset Management Inc. acquired a new stake in shares of TAL Education Group during the 4th quarter worth about $79,000. Blue Trust Inc. increased its position in TAL Education Group by 28.1% during the 4th quarter. Blue Trust Inc. now owns 9,843 shares of the company’s stock worth $99,000 after purchasing an additional 2,158 shares in the last quarter. Finally, Headlands Technologies LLC bought a new position in TAL Education Group during the first quarter worth $99,000. 37.79% of the stock is currently owned by institutional investors and hedge funds.

TAL Education Group Company Profile

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.