TAL Education Group (NYSE:TAL) Trading Up 6.5% on Analyst Upgrade

TAL Education Group (NYSE:TAL) traded up 6.5% during trading on Friday after StockNews.com upgraded the stock from a sell rating to a hold rating. The stock traded as high as $11.74 and last traded at $11.80. 8,338,964 shares were traded during mid-day trading, an increase of 3% from the average session volume of 8,077,132 shares. The stock had previously closed at $11.07.

Separately, UBS Group increased their price objective on TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.53.

Hedge Funds Weigh In On TAL Education Group

Several hedge funds have recently bought and sold shares of TAL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in TAL Education Group by 2,309.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,758,735 shares of the company’s stock worth $174,743,000 after acquiring an additional 14,146,152 shares in the last quarter. FMR LLC lifted its stake in TAL Education Group by 82,138.4% during the 3rd quarter. FMR LLC now owns 7,224,647 shares of the company’s stock worth $85,540,000 after acquiring an additional 7,215,862 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in TAL Education Group by 108.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,790,900 shares of the company’s stock worth $104,084,000 after acquiring an additional 4,581,100 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in TAL Education Group during the 3rd quarter worth about $25,545,000. Finally, Yong Rong HK Asset Management Ltd acquired a new stake in TAL Education Group in the 3rd quarter valued at about $19,413,000. Institutional investors and hedge funds own 37.79% of the company’s stock.

TAL Education Group Stock Performance

The company has a market cap of $7.09 billion, a price-to-earnings ratio of 106.50 and a beta of -0.01. The business has a 50-day simple moving average of $9.96 and a 200-day simple moving average of $9.81.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $619.36 million for the quarter, compared to analyst estimates of $609.51 million. During the same quarter last year, the company earned $0.06 EPS. Research analysts anticipate that TAL Education Group will post 0.17 EPS for the current year.

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.