TAL Education Group (TAL) Shares Gap Up to $26.04
TAL Education Group (NYSE:TAL)’s share price gapped up before the market opened on Friday . The stock had previously closed at $25.12, but opened at $26.04. TAL Education Group shares last traded at $26.98, with a volume of 10211680 shares trading hands.
TAL has been the topic of several recent research reports. Zacks Investment Research lowered TAL Education Group from a “hold” rating to a “sell” rating in a report on Thursday, July 12th. ValuEngine lowered TAL Education Group from a “sell” rating to a “strong sell” rating in a report on Friday, September 7th. JPMorgan Chase & Co. raised their target price on TAL Education Group from $60.00 to $65.00 and gave the company a “neutral” rating in a report on Tuesday, May 29th. Citigroup lowered TAL Education Group from a “buy” rating to a “neutral” rating in a report on Thursday, September 13th. Finally, Morgan Stanley lowered TAL Education Group from an “overweight” rating to an “equal weight” rating in a report on Friday, June 29th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $45.26.
The company has a debt-to-equity ratio of 0.13, a current ratio of 1.28 and a quick ratio of 1.28. The company has a market capitalization of $13.19 billion, a P/E ratio of 79.35 and a beta of 0.09.
Institutional investors have recently bought and sold shares of the company. British Airways Pensions Investment Management Ltd bought a new position in shares of TAL Education Group in the second quarter worth about $2,906,000. Atria Investments LLC increased its stake in shares of TAL Education Group by 19.2% in the second quarter. Atria Investments LLC now owns 16,984 shares of the company’s stock worth $625,000 after purchasing an additional 2,741 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of TAL Education Group by 51.9% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,300 shares of the company’s stock worth $453,000 after purchasing an additional 4,200 shares during the period. Canada Pension Plan Investment Board bought a new position in shares of TAL Education Group in the second quarter worth about $40,744,000. Finally, Parametrica Management Ltd bought a new position in TAL Education Group during the second quarter valued at about $549,000. Institutional investors and hedge funds own 60.24% of the company’s stock.
TAL Education Group Company Profile (NYSE:TAL)
TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.
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