TAL Education Group (NYSE:TAL) Shares Gap Down to $13.12

TAL Education Group (NYSE:TAL - Get Free Report)'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $13.12, but opened at $12.81. TAL Education Group shares last traded at $12.74, with a volume of 4,795,157 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TAL shares. JPMorgan Chase & Co. raised TAL Education Group from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $10.00 to $15.00 in a research report on Thursday, January 25th. StockNews.com upgraded shares of TAL Education Group from a "sell" rating to a "hold" rating in a research note on Friday, April 26th. Finally, TheStreet upgraded shares of TAL Education Group from a "d+" rating to a "c-" rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $12.37.

TAL Education Group Stock Performance

The company has a market cap of $8.31 billion, a P/E ratio of -1,309.69 and a beta of 0.12. The stock has a 50-day simple moving average of $12.16 and a 200 day simple moving average of $11.91.

Institutional Trading of TAL Education Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake in shares of TAL Education Group by 50.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,550 shares of the company's stock valued at $45,000 after purchasing an additional 1,191 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in TAL Education Group during the first quarter worth about $47,000. IPG Investment Advisors LLC acquired a new stake in shares of TAL Education Group during the fourth quarter worth approximately $126,000. Advisor Partners II LLC increased its holdings in shares of TAL Education Group by 42.4% during the third quarter. Advisor Partners II LLC now owns 14,513 shares of the company's stock worth $132,000 after buying an additional 4,322 shares in the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of TAL Education Group by 668.6% in the fourth quarter. New York State Common Retirement Fund now owns 12,298 shares of the company's stock valued at $155,000 after acquiring an additional 10,698 shares during the last quarter. Institutional investors own 37.79% of the company's stock.

TAL Education Group Company Profile

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.