TAL Education Group (NYSE:TAL) Shares Gap Up – What’s Next?

TAL Education Group (NYSE:TAL) shares gapped up prior to trading on Thursday . The stock had previously closed at $10.21, but opened at $10.67. TAL Education Group shares last traded at $10.27, with a volume of 1,876,527 shares changing hands.

Analyst Upgrades and Downgrades

TAL has been the subject of a number of research analyst reports. Citigroup lowered their price target 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. StockNews.com lowered TAL Education Group from a “hold” rating to a “sell” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.73.

TAL Education Group Price Performance

The company has a market cap of $6.34 billion, a price-to-earnings ratio of 127.52 and a beta of 0.04. The business has a 50 day simple moving average of $9.29 and a 200 day simple moving average of $10.53.

TAL Education Group (NYSE:TAL) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.08. The business had revenue of $414.19 million during the quarter, compared to the consensus estimate of $392.39 million. TAL Education Group had a return on equity of 1.46% and a net margin of 3.24%. During the same quarter in the prior year, the company posted ($0.07) earnings per share. As a group, sell-side analysts anticipate that TAL Education Group will post 0.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in shares of 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 during the period. Blue Trust Inc. increased its stake in shares of TAL Education Group by 569.8% in the 2nd quarter. Blue Trust Inc. now owns 3,282 shares of the company’s stock valued at $37,000 after purchasing an additional 2,792 shares during the last quarter. Shell Asset Management Co. boosted its holdings in shares of TAL Education Group by 328.8% during 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. Sequoia Financial Advisors LLC boosted its holdings in shares of 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 in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of TAL Education Group by 30.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,798 shares of the company’s stock valued at $202,000 after acquiring an additional 4,177 shares in the last quarter. 37.79% of the stock is 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.