TAL Education Group (NYSE:TAL) Shares Gap Up to $8.08

TAL Education Group (NYSE:TAL)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $8.08, but opened at $8.55. TAL Education Group shares last traded at $8.63, with a volume of 776,098 shares.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a report on Monday, August 5th. HSBC initiated coverage on shares of TAL Education Group in a report on Wednesday, May 29th. They issued a “buy” rating and a $16.00 price target for the company. Finally, Citigroup reduced their target price on TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a research note on Monday, August 5th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, TAL Education Group has an average rating of “Moderate Buy” and a consensus target price of $13.30.

TAL Education Group Stock Performance

The business’s 50 day moving average price is $8.82 and its 200 day moving average price is $10.67. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of -863.00 and a beta of 0.02.

TAL Education Group (NYSE:TAL) last posted its earnings results on Thursday, August 1st. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.08. The firm had revenue of $414.19 million for the quarter, compared to analysts’ expectations 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 period last year, the firm earned ($0.07) EPS. Sell-side analysts anticipate that TAL Education Group will post 0.1 earnings per share for the current fiscal year.

Institutional Trading of TAL Education Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC raised its position in shares of TAL Education Group by 1,375.3% during the 1st 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 last quarter. California State Teachers Retirement System increased its stake in TAL Education Group by 2.4% during the 1st quarter. California State Teachers Retirement System now owns 98,417 shares of the company’s stock worth $1,117,000 after buying an additional 2,315 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of TAL Education Group by 1.6% during the second quarter. Public Sector Pension Investment Board now owns 149,682 shares of the company’s stock valued at $1,597,000 after acquiring an additional 2,400 shares during the last quarter. Blue Trust Inc. lifted its position in shares of TAL Education Group by 569.8% in the second quarter. Blue Trust Inc. now owns 3,282 shares of the company’s stock valued at $37,000 after acquiring an additional 2,792 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. boosted its stake in shares of TAL Education Group by 0.8% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 369,300 shares of the company’s stock worth $4,192,000 after acquiring an additional 2,800 shares during the last quarter. 37.79% of the stock is currently owned by hedge funds and other institutional investors.

About TAL Education Group

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.