TAL Education Group (NYSE:TAL) Upgraded to “Hold” by StockNews.com

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

TAL has been the subject of several other reports. JPMorgan Chase & Co. raised TAL Education Group from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $10.00 to $15.00 in a research note on Thursday, January 25th. TheStreet raised TAL Education Group from a “d+” rating to a “c-” rating in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $12.37.

TAL Education Group Trading Up 0.4 %

Shares of TAL Education Group stock traded up $0.05 on Friday, hitting $13.40. The stock had a trading volume of 12,412,192 shares, compared to its average volume of 7,255,335. TAL Education Group has a 52-week low of $5.09 and a 52-week high of $15.52. The stock has a market cap of $8.54 billion, a price-to-earnings ratio of -121.82 and a beta of 0.15. The company’s 50 day moving average price is $12.41 and its 200 day moving average price is $11.57.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, January 25th. The company reported ($0.04) 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 analysts’ expectations of $330.96 million. TAL Education Group had a negative net margin of 5.30% and a negative return on equity of 1.93%. Analysts predict that TAL Education Group will post -0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On TAL Education Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Keystone Investors PTE Ltd. acquired a new stake in shares of TAL Education Group in the 3rd quarter worth approximately $24,353,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of TAL Education Group by 11.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 433,694 shares of the company’s stock worth $5,478,000 after acquiring an additional 43,071 shares during the period. Barclays PLC grew its holdings in shares of TAL Education Group by 10.1% in the 3rd quarter. Barclays PLC now owns 299,773 shares of the company’s stock worth $2,731,000 after acquiring an additional 27,400 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of TAL Education Group by 31.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,582,655 shares of the company’s stock worth $14,418,000 after acquiring an additional 379,000 shares during the period. Finally, California Public Employees Retirement System grew its holdings in shares of TAL Education Group by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 801,288 shares of the company’s stock worth $7,300,000 after acquiring an additional 11,518 shares during the period. Institutional investors and hedge funds own 37.79% of the company’s stock.

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.