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

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

Analysts Set New Price Targets

Several research firms recently weighed in on TAL. JPMorgan Chase & Co. upgraded TAL Education Group from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $10.00 to $15.00 in a research report on Thursday, January 25th. StockNews.com lowered shares of TAL Education Group from a "hold" rating to a "sell" rating in a report on Wednesday, February 7th. Finally, TheStreet raised shares of TAL Education Group from a "d+" rating to a "c-" rating in a report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.37.

TAL Education Group Stock Performance

The company has a market capitalization of $7.42 billion, a PE ratio of -105.73 and a beta of 0.15. The stock has a fifty day moving average of $12.67 and a 200 day moving average of $11.43.

TAL Education Group (NYSE:TAL - Get Free Report) last released its earnings results on Thursday, January 25th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The company had revenue of $373.51 million during the quarter, compared to analysts' expectations of $330.96 million. TAL Education Group had a negative return on equity of 1.93% and a negative net margin of 5.30%. As a group, equities analysts predict that TAL Education Group will post -0.06 EPS for the current year.

Hedge Funds Weigh In On TAL Education Group

Institutional investors have recently added to or reduced their stakes in the company. HCEP Management Ltd boosted its position in shares of TAL Education Group by 456.4% during the 4th quarter. HCEP Management Ltd now owns 5,000,000 shares of the company's stock valued at $63,150,000 after acquiring an additional 4,101,330 shares during the last quarter. Morgan Stanley grew its stake in shares of TAL Education Group by 20.2% in the 3rd quarter. Morgan Stanley now owns 16,136,868 shares of the company's stock worth $147,007,000 after buying an additional 2,710,826 shares in the last quarter. Keystone Investors PTE Ltd. bought a new stake in shares of TAL Education Group in the 3rd quarter worth about $24,353,000. Renaissance Technologies LLC raised its position in shares of TAL Education Group by 69.3% during the 1st quarter. Renaissance Technologies LLC now owns 6,253,600 shares of the company's stock valued at $40,086,000 after buying an additional 2,560,700 shares in the last quarter. Finally, BSN CAPITAL PARTNERS Ltd bought a new position in shares of TAL Education Group in the 3rd quarter valued at about $19,982,000. Hedge funds and other institutional investors own 37.79% of the company's stock.

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.