TAL Education Group (NYSE:TAL) Trading 3.5% Higher – Time to Buy?

TAL Education Group (NYSE:TAL)’s stock price was up 3.5% during trading on Wednesday . The company traded as high as $9.40 and last traded at $9.36. Approximately 1,049,922 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 4,485,868 shares. The stock had previously closed at $9.04.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, TAL Education Group presently has an average rating of “Moderate Buy” and a consensus target price of $14.80.

TAL Education Group Stock Performance

The stock’s 50-day moving average is $10.15 and its 200 day moving average is $9.88. The stock has a market capitalization of $5.61 billion, a PE ratio of 84.27 and a beta of -0.01.

TAL Education Group (NYSE:TAL) last posted its earnings results on Thursday, October 24th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The firm had revenue of $619.36 million for the quarter, compared to the consensus estimate of $609.51 million. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. During the same period last year, the firm posted $0.06 EPS. Analysts expect that TAL Education Group will post 0.17 earnings per share for the current year.

Institutional Trading of TAL Education Group

Large investors have recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new stake in TAL Education Group during the 3rd quarter worth $48,000. EverSource Wealth Advisors LLC boosted its stake in TAL Education Group by 93.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock worth $45,000 after purchasing an additional 2,186 shares during the period. Blue Trust Inc. boosted its stake in TAL Education Group by 134.2% during the 3rd quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock worth $91,000 after purchasing an additional 4,403 shares during the period. DRW Securities LLC acquired a new stake in TAL Education Group during the 3rd quarter worth $128,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of 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 acquiring an additional 12,984 shares during the period. Institutional investors and hedge funds own 37.79% of the company’s stock.

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.