TAL Education Group (NYSE:TAL) Trading 4.5% Higher – Here’s Why

TAL Education Group (NYSE:TAL) shot up 4.5% during mid-day trading on Monday . The stock traded as high as $10.90 and last traded at $10.85. 1,422,872 shares changed hands during trading, a decline of 79% from the average session volume of 6,938,738 shares. The stock had previously closed at $10.38.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. StockNews.com lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a research note on Monday, October 14th. Citigroup dropped their target price on TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a report on Monday, August 5th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. According to MarketBeat, TAL Education Group currently has an average rating of “Moderate Buy” and a consensus target price of $13.73.

TAL Education Group Price Performance

The company has a market cap of $6.90 billion, a price-to-earnings ratio of 142.64 and a beta of 0.04. The firm has a 50 day simple moving average of $9.27 and a 200-day simple moving average of $10.53.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. TAL Education Group had a return on equity of 1.46% and a net margin of 3.24%. The firm had revenue of $414.19 million during the quarter, compared to the consensus estimate of $392.39 million. During the same period last year, the company earned ($0.07) EPS. Research analysts anticipate that TAL Education Group will post 0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On TAL Education Group

A number of hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its stake in TAL Education Group by 1,375.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock worth $28,000 after purchasing an additional 2,173 shares in the last quarter. Blue Trust Inc. boosted its holdings in TAL Education Group by 569.8% during the 2nd quarter. Blue Trust Inc. now owns 3,282 shares of the company’s stock valued at $37,000 after acquiring an additional 2,792 shares during the period. Sequoia Financial Advisors LLC boosted its holdings in TAL Education Group by 17.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,340 shares of the company’s stock valued at $182,000 after acquiring an additional 2,267 shares during the period. Shell Asset Management Co. grew its position in TAL Education Group by 328.8% in the 1st quarter. Shell Asset Management Co. now owns 15,672 shares of the company’s stock valued at $178,000 after acquiring an additional 12,017 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in TAL Education Group by 30.7% during the first quarter. O Shaughnessy Asset Management LLC now owns 17,798 shares of the company’s stock worth $202,000 after purchasing an additional 4,177 shares during the period. Hedge funds and other institutional investors own 37.79% of the company’s stock.

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.