TAL Education Group (NYSE:TAL) Stock Price Up 3.6% – Time to Buy?

TAL Education Group (NYSE:TAL) rose 3.6% during mid-day trading on Wednesday . The company traded as high as $10.57 and last traded at $10.54. Approximately 1,472,524 shares were traded during trading, a decline of 80% from the average daily volume of 7,344,584 shares. The stock had previously closed at $10.17.

Wall Street Analysts Forecast Growth

TAL has been the subject of a number of research reports. JPMorgan Chase & Co. lowered TAL Education Group from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $16.00 to $11.00 in a research note on Thursday, April 24th. Macquarie lowered TAL Education Group from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $14.50 to $10.90 in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.13.

TAL Education Group Stock Performance

The firm has a market capitalization of $6.44 billion, a P/E ratio of 56.00 and a beta of 0.08. The firm has a 50 day moving average price of $10.53 and a two-hundred day moving average price of $11.12.

TAL Education Group (NYSE:TAL) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). The company had revenue of $610.24 million for the quarter, compared to the consensus estimate of $639.89 million. TAL Education Group had a return on equity of 3.22% and a net margin of 5.77%. During the same period in the prior year, the business earned $0.08 earnings per share. Equities research analysts forecast that TAL Education Group will post 0.2 earnings per share for the current fiscal year.

Institutional Trading of TAL Education Group

Several hedge funds and other institutional investors have recently modified their holdings of TAL. Atlas Capital Advisors Inc. acquired a new stake in shares of TAL Education Group in the first quarter worth $29,000. SBI Securities Co. Ltd. acquired a new stake in shares of TAL Education Group in the fourth quarter worth $40,000. iA Global Asset Management Inc. acquired a new stake in shares of TAL Education Group in the fourth quarter worth $79,000. Blue Trust Inc. boosted its position in shares of TAL Education Group by 28.1% in the fourth quarter. Blue Trust Inc. now owns 9,843 shares of the company’s stock worth $99,000 after buying an additional 2,158 shares during the period. Finally, Headlands Technologies LLC acquired a new stake in shares of TAL Education Group in the first quarter worth $99,000. Institutional investors and hedge funds own 37.79% of the company’s stock.

TAL Education Group Company Profile

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.