TAL Education Group (NYSE:TAL) Shares Up 3.8% – Here’s What Happened

TAL Education Group (NYSE:TAL) shot up 3.8% on Monday . The company traded as high as $10.98 and last traded at $10.93. 1,992,434 shares were traded during mid-day trading, a decline of 76% from the average session volume of 8,357,737 shares. The stock had previously closed at $10.52.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on TAL shares. JPMorgan Chase & Co. downgraded TAL Education Group from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $16.00 to $11.00 in a report on Thursday, April 24th. UBS Group lifted their price target on TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a report on Friday, January 24th. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Finally, Macquarie downgraded TAL Education Group from an “outperform” rating to a “neutral” rating and cut 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 three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $13.70.

TAL Education Group Trading Up 3.1%

The firm has a market cap of $6.56 billion, a PE ratio of 57.11 and a beta of 0.08. The firm has a fifty day simple moving average of $11.05 and a two-hundred day simple moving average of $11.16.

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

Institutional Investors Weigh In On TAL Education Group

Several large investors have recently modified their holdings of TAL. Perpetual Ltd grew its stake in TAL Education Group by 4.1% in the 4th quarter. Perpetual Ltd now owns 130,320 shares of the company’s stock worth $1,306,000 after acquiring an additional 5,157 shares during the period. Blue Trust Inc. raised its stake in shares of TAL Education Group by 28.1% in the 4th quarter. Blue Trust Inc. now owns 9,843 shares of the company’s stock valued at $99,000 after purchasing an additional 2,158 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of TAL Education Group by 26.4% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 181,176 shares of the company’s stock valued at $1,815,000 after purchasing an additional 37,814 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of TAL Education Group in the 4th quarter valued at about $952,000. Finally, E. Ohman J or Asset Management AB acquired a new stake in TAL Education Group during the fourth quarter worth about $301,000. 37.79% of the stock is owned by institutional investors and hedge funds.

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.