TAL Education Group (NYSE:TAL) Raised to “Hold” at StockNews.com

TAL Education Group (NYSE:TAL) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Separately, UBS Group lifted their target price on shares of TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a report on Friday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, TAL Education Group has a consensus rating of “Moderate Buy” and a consensus target price of $15.40.

TAL Education Group Price Performance

TAL traded up $0.65 on Friday, hitting $11.72. The company had a trading volume of 13,372,404 shares, compared to its average volume of 8,462,824. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 106.50 and a beta of -0.01. The company’s fifty day moving average price is $9.92 and its 200 day moving average price is $9.80. TAL Education Group has a 1-year low of $7.34 and a 1-year high of $15.52.

TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $619.36 million for the quarter, compared to analyst estimates of $609.51 million. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. During the same quarter last year, the firm posted $0.06 earnings per share. On average, sell-side analysts forecast that TAL Education Group will post 0.17 EPS for the current year.

Institutional Trading of TAL Education Group

Hedge funds have recently bought and sold shares of the stock. Tobam lifted its holdings in shares of TAL Education Group by 10.4% during the 3rd quarter. Tobam now owns 19,418 shares of the company’s stock worth $230,000 after acquiring an additional 1,832 shares during the period. Blue Trust Inc. lifted its stake in TAL Education Group by 28.1% during 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 period. EverSource Wealth Advisors LLC lifted its stake in TAL Education Group by 93.8% during the second quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock worth $45,000 after purchasing an additional 2,186 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in TAL Education Group by 17.3% during the third quarter. Sequoia Financial Advisors LLC now owns 15,340 shares of the company’s stock valued at $182,000 after purchasing an additional 2,267 shares in the last quarter. Finally, Public Sector Pension Investment Board grew its stake in shares of TAL Education Group by 1.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 149,682 shares of the company’s stock valued at $1,597,000 after purchasing an additional 2,400 shares during the period. 37.79% of the stock is owned by institutional investors.

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.