TAL Education Group (NYSE:TAL) Stock Rating Upgraded by StockNews.com

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

Separately, UBS Group increased their price target on TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TAL Education Group currently has an average rating of “Moderate Buy” and an average price target of $15.40.

TAL Education Group Stock Performance

Shares of TAL traded up $0.65 during midday trading on Friday, hitting $11.72. 13,372,404 shares of the stock traded hands, compared to its average volume of 8,462,824. The business’s 50 day moving average price is $9.92 and its two-hundred day moving average price is $9.80. The firm has a market capitalization of $7.09 billion, a PE ratio of 106.50 and a beta of -0.01. TAL Education Group has a 1-year low of $7.34 and a 1-year high of $15.52.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The business had revenue of $619.36 million during the quarter, compared to the consensus estimate of $609.51 million. During the same period in the previous year, the firm posted $0.06 earnings per share. As a group, equities research analysts forecast that TAL Education Group will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On TAL Education Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in shares of TAL Education Group in the 3rd quarter worth $48,000. EverSource Wealth Advisors LLC boosted its stake in shares of TAL Education Group by 93.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock valued at $45,000 after buying an additional 2,186 shares during the period. Blue Trust Inc. increased its stake in shares of TAL Education Group by 134.2% in the third quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock worth $91,000 after acquiring an additional 4,403 shares during the last quarter. DRW Securities LLC purchased a new position in TAL Education Group in the third quarter valued at about $128,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its position in TAL Education Group by 1,298,400.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,985 shares of the company’s stock worth $154,000 after purchasing an additional 12,984 shares during the last quarter. 37.79% of the stock is currently owned by 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.