TAL Education Group (NYSE:TAL) Stock Price Up 3.1% – Time to Buy?

TAL Education Group (NYSE:TAL)’s stock price rose 3.1% during trading on Friday . The stock traded as high as $9.81 and last traded at $9.74. Approximately 573,328 shares changed hands during trading, a decline of 92% from the average daily volume of 7,001,522 shares. The stock had previously closed at $9.45.

Analyst Upgrades and Downgrades

TAL has been the topic of several analyst reports. Citigroup cut their price objective on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating on the stock in a report on Monday, August 5th. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.80.

TAL Education Group Stock Up 4.1 %

The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 89.45 and a beta of 0.04. The company’s fifty day simple moving average is $10.12 and its two-hundred day simple moving average is $10.40.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $619.36 million during the quarter, compared to the consensus estimate of $609.51 million. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. During the same period in the prior year, the company earned $0.06 earnings per share. Equities research analysts expect that TAL Education Group will post 0.17 earnings per share for the current year.

Institutional Investors Weigh In On TAL Education Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new stake in shares of TAL Education Group in the third quarter worth $25,545,000. Y Intercept Hong Kong Ltd acquired a new position in shares of TAL Education Group during the 3rd quarter worth about $1,723,000. XTX Topco Ltd bought a new position in shares of TAL Education Group in the 3rd quarter valued at about $233,000. National Bank of Canada FI raised its holdings in TAL Education Group by 46.7% during the third quarter. National Bank of Canada FI now owns 3,736,300 shares of the company’s stock worth $44,238,000 after acquiring an additional 1,189,400 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in TAL Education Group by 72.4% during the third quarter. Wellington Management Group LLP now owns 618,085 shares of the company’s stock valued at $7,318,000 after purchasing an additional 259,623 shares during the last quarter. 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. 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.