TAL Education Group (NYSE:TAL) Trading Up 3.6% - Here's What Happened

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on TAL shares. JPMorgan Chase & Co. downgraded TAL Education Group from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $16.00 to $11.00 in a report on Thursday, April 24th. Macquarie cut TAL Education Group from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $14.50 to $10.90 in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $13.70.

TAL Education Group Trading Up 3.9%

The stock has a market capitalization of $6.39 billion, a price-to-earnings ratio of 55.61 and a beta of 0.08. The stock's 50 day moving average is $10.64 and its two-hundred day moving average is $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 company had revenue of $610.24 million during the quarter, compared to analyst estimates 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 period in the previous year, the company posted $0.08 earnings per share. On average, research analysts anticipate that TAL Education Group will post 0.2 earnings per share for the current year.

Hedge Funds Weigh In On TAL Education Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new position in shares of TAL Education Group during the fourth quarter valued at $40,000. Prescott Group Capital Management L.L.C. bought a new stake in TAL Education Group in the fourth quarter valued at $1,002,000. Cornerstone Investment Partners LLC bought a new stake in TAL Education Group in the fourth quarter valued at $205,000. New York State Common Retirement Fund bought a new stake in TAL Education Group in the fourth quarter valued at $1,991,000. Finally, Veritas Asset Management LLP acquired a new position in shares of TAL Education Group during the fourth quarter valued at about $432,000. 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. 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.

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