TAL Education Group (NYSE:TAL) Stock Price Up 5.6%

TAL Education Group (NYSE:TAL) shares traded up 5.6% during trading on Monday . The stock traded as high as $10.87 and last traded at $10.79. 542,126 shares traded hands during trading, a decline of 92% from the average session volume of 6,992,919 shares. The stock had previously closed at $10.22.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. HSBC assumed coverage on TAL Education Group in a research note on Wednesday, May 29th. They issued a “buy” rating and a $16.00 price target on the stock. StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, TAL Education Group has an average rating of “Moderate Buy” and an average price target of $13.28.

TAL Education Group Stock Performance

The stock’s fifty day simple moving average is $11.93 and its 200-day simple moving average is $12.17.

TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.10. The business had revenue of $429.56 million for the quarter, compared to analysts’ expectations of $389.03 million. TAL Education Group had a negative net margin of 0.24% and a negative return on equity of 0.10%. As a group, sell-side analysts anticipate that TAL Education Group will post 0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TAL Education Group

Institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC grew its stake in TAL Education Group by 50.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,550 shares of the company’s stock valued at $45,000 after buying an additional 1,191 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of TAL Education Group by 1,375.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock worth $28,000 after acquiring an additional 2,173 shares during the period. California State Teachers Retirement System grew its position in shares of TAL Education Group by 2.4% in the first quarter. California State Teachers Retirement System now owns 98,417 shares of the company’s stock valued at $1,117,000 after purchasing an additional 2,315 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of TAL Education Group by 0.8% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 369,300 shares of the company’s stock valued at $4,192,000 after purchasing an additional 2,800 shares during the period. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in TAL Education Group during the 1st quarter worth about $47,000. 37.79% of the stock is owned by institutional investors.

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.