TAL Education Group (NYSE:TAL) Shares Up 3.6% - What's Next?

TAL Education Group (NYSE:TAL - Get Free Report)'s stock price traded up 3.6% during mid-day trading on Wednesday . The stock traded as high as $10.57 and last traded at $10.54. 1,472,524 shares changed hands during trading, a decline of 80% from the average session volume of 7,344,584 shares. The stock had previously closed at $10.17.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Macquarie lowered TAL Education Group from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $14.50 to $10.90 in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered TAL Education Group from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $16.00 to $11.00 in a report on Thursday, April 24th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $13.13.

TAL Education Group Stock Down 7.5%

The company has a market cap of $5.95 billion, a PE ratio of 51.74 and a beta of 0.08. The stock has a 50-day moving average of $10.47 and a 200-day moving average of $11.13.

TAL Education Group (NYSE:TAL - Get Free Report) last announced its 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). The business had revenue of $610.24 million during the quarter, compared to the consensus estimate of $639.89 million. TAL Education Group had a return on equity of 3.22% and a net margin of 5.77%. During the same quarter in the prior year, the company earned $0.08 earnings per share. Research analysts expect that TAL Education Group will post 0.2 EPS for the current year.

Institutional Trading of TAL Education Group

Hedge funds have recently made changes to their positions in the stock. Atlas Capital Advisors Inc. purchased a new stake in TAL Education Group during the first quarter valued at about $29,000. SBI Securities Co. Ltd. purchased a new position in TAL Education Group in the 4th quarter worth $40,000. iA Global Asset Management Inc. purchased a new position in TAL Education Group in the 4th quarter worth $79,000. Blue Trust Inc. lifted its stake in TAL Education Group by 28.1% in the fourth quarter. Blue Trust Inc. now owns 9,843 shares of the company's stock worth $99,000 after purchasing an additional 2,158 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in TAL Education Group during the first quarter valued at about $99,000. 37.79% of the stock is 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. 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.