TAL Education Group (NYSE:TAL) Trading 7.1% Higher - Still a Buy?

TAL Education Group (NYSE:TAL - Get Free Report) shares were up 7.1% during mid-day trading on Tuesday . The company traded as high as $10.76 and last traded at $10.70. Approximately 739,812 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 7,132,708 shares. The stock had previously closed at $9.99.

Analyst Ratings Changes

TAL has been the subject of several research reports. JPMorgan Chase & Co. downgraded 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. StockNews.com raised TAL Education Group from a "sell" rating to a "hold" rating in a report on Friday, January 24th. Macquarie cut TAL Education Group from an "outperform" rating to a "neutral" rating and cut their target price for the company from $14.50 to $10.90 in a research report on Thursday. Finally, UBS Group increased their price target on TAL Education Group from $16.40 to $17.20 and gave the company a "buy" rating in a research report on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $13.70.

TAL Education Group Stock Performance

The stock has a market cap of $5.53 billion, a PE ratio of 48.16 and a beta of 0.03. The business has a 50 day moving average price of $12.23 and a two-hundred day moving average price of $11.29.

TAL Education Group (NYSE:TAL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The business had revenue of $610.24 million for 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 last year, the business posted $0.08 earnings per share. As a group, 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

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SBI Securities Co. Ltd. bought a new stake in TAL Education Group in the fourth quarter worth about $40,000. iA Global Asset Management Inc. purchased a new stake in shares of TAL Education Group during the 4th quarter worth approximately $79,000. Blue Trust Inc. raised its holdings in shares of TAL Education Group by 28.1% in the 4th 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 period. Dark Forest Capital Management LP purchased a new position in TAL Education Group in the fourth quarter valued at approximately $114,000. Finally, PNC Financial Services Group Inc. grew its holdings in TAL Education Group by 15.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,829 shares of the company's stock valued at $119,000 after purchasing an additional 1,556 shares during the period. 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.