TAL Education Group (NYSE:TAL) Shares Gap Up - What's Next?

Key Points

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TAL Education Group (NYSE:TAL - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $10.09, but opened at $11.40. TAL Education Group shares last traded at $10.97, with a volume of 6,160,823 shares trading hands.

Wall Street Analysts Forecast Growth

TAL has been the subject of several research reports. Citigroup lowered shares of TAL Education Group from a "buy" rating to a "neutral" rating and reduced their price target for the company from $13.40 to $11.54 in a research report on Friday, June 27th. Macquarie lowered shares of TAL Education Group from an "outperform" rating to a "neutral" rating and reduced their price target for the company from $14.50 to $10.90 in a research report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered shares of TAL Education Group from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $16.00 to $11.00 in a research report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $12.66.

TAL Education Group Stock Performance

The company's fifty day moving average is $10.45 and its 200-day moving average is $11.31. The company has a market capitalization of $6.59 billion, a PE ratio of 63.68 and a beta of 0.07.

Institutional Investors Weigh In On TAL Education Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TAL. Sei Investments Co. increased its holdings in TAL Education Group by 713.0% in the 4th quarter. Sei Investments Co. now owns 209,753 shares of the company's stock worth $2,102,000 after acquiring an additional 183,953 shares in the last quarter. Vanguard Group Inc. increased its holdings in TAL Education Group by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 16,848,812 shares of the company's stock worth $168,825,000 after acquiring an additional 173,949 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in TAL Education Group by 132.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,613,730 shares of the company's stock worth $26,190,000 after acquiring an additional 1,491,339 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in TAL Education Group by 5.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 16,636 shares of the company's stock worth $167,000 after acquiring an additional 838 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in TAL Education Group by 8.4% in the 4th quarter. Franklin Resources Inc. now owns 177,952 shares of the company's stock worth $1,783,000 after acquiring an additional 13,808 shares in the last quarter. 37.79% of the stock is owned by hedge funds and other institutional investors.

About TAL Education Group

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.