TAL Education Group (NYSE:TAL) Shares Gap Up to $11.95

TAL Education Group (NYSE:TAL) gapped up prior to trading on Tuesday . The stock had previously closed at $11.95, but opened at $12.57. TAL Education Group shares last traded at $12.03, with a volume of 1,110,549 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently commented on TAL. TheStreet raised TAL Education Group from a “d+” rating to a “c-” rating in a research note on Wednesday, February 14th. StockNews.com lowered TAL Education Group from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Finally, JPMorgan Chase & Co. upgraded TAL Education Group from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $10.00 to $15.00 in a report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.37.

TAL Education Group Stock Up 0.6 %

The company has a fifty day moving average of $12.45 and a two-hundred day moving average of $11.53.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, January 25th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). TAL Education Group had a negative return on equity of 1.93% and a negative net margin of 5.30%. The business had revenue of $373.51 million for the quarter, compared to analyst estimates of $330.96 million. Analysts predict that TAL Education Group will post -0.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Krane Funds Advisors LLC lifted its holdings in shares of TAL Education Group by 14.0% during the third quarter. Krane Funds Advisors LLC now owns 17,771,371 shares of the company’s stock worth $161,897,000 after buying an additional 2,177,640 shares during the last quarter. HCEP Management Ltd lifted its holdings in shares of TAL Education Group by 456.4% during the fourth quarter. HCEP Management Ltd now owns 5,000,000 shares of the company’s stock worth $63,150,000 after buying an additional 4,101,330 shares during the last quarter. UBS Group AG lifted its holdings in shares of TAL Education Group by 5.3% during the fourth quarter. UBS Group AG now owns 3,981,895 shares of the company’s stock worth $50,291,000 after buying an additional 200,331 shares during the last quarter. WT Asset Management Ltd lifted its holdings in shares of TAL Education Group by 108.7% during the fourth quarter. WT Asset Management Ltd now owns 3,501,979 shares of the company’s stock worth $44,230,000 after buying an additional 1,824,094 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its position in shares of TAL Education Group by 24.1% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,239,151 shares of the company’s stock valued at $40,878,000 after purchasing an additional 629,151 shares during the period. 37.79% of the stock is currently owned by institutional investors and hedge funds.

TAL Education Group Company Profile

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.