TAL Education Group (NYSE:TAL) Shares Up 4.4%

TAL Education Group (NYSE:TAL)’s share price rose 4.4% during trading on Wednesday . The company traded as high as $11.89 and last traded at $11.82. Approximately 3,247,696 shares changed hands during trading, a decline of 54% from the average daily volume of 7,040,792 shares. The stock had previously closed at $11.32.

Analyst Upgrades and Downgrades

TAL has been the subject of a number of recent research reports. TheStreet upgraded shares of TAL Education Group from a “d+” rating to a “c-” rating in a research note on Wednesday, February 14th. StockNews.com cut 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 lifted their price target for the stock from $10.00 to $15.00 in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $12.37.

TAL Education Group Trading Up 2.7 %

The company’s 50-day simple moving average is $12.68 and its 200-day simple moving average is $11.42.

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

Institutional Investors Weigh In On TAL Education Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its position in shares of TAL Education Group by 0.3% in the third quarter. BlackRock Inc. now owns 20,533,691 shares of the company’s stock valued at $101,439,000 after buying an additional 60,574 shares in the last quarter. Krane Funds Advisors LLC raised its position in shares of TAL Education Group by 14.0% in the third quarter. Krane Funds Advisors LLC now owns 17,771,371 shares of the company’s stock valued at $161,897,000 after buying an additional 2,177,640 shares in the last quarter. Vanguard Group Inc. raised its position in shares of TAL Education Group by 2.2% in the third quarter. Vanguard Group Inc. now owns 17,168,022 shares of the company’s stock valued at $84,809,000 after buying an additional 365,665 shares in the last quarter. Morgan Stanley raised its position in shares of TAL Education Group by 20.2% in the third quarter. Morgan Stanley now owns 16,136,868 shares of the company’s stock valued at $147,007,000 after buying an additional 2,710,826 shares in the last quarter. Finally, State Street Corp raised its position in shares of TAL Education Group by 4.9% in the third quarter. State Street Corp now owns 7,629,987 shares of the company’s stock valued at $37,692,000 after buying an additional 358,484 shares in 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. 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.