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

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

Separately, UBS Group boosted 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 investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $15.53.

Institutional Investors Weigh In On TAL Education Group

A number of large investors have recently bought and sold shares of TAL. EverSource Wealth Advisors LLC boosted its position in TAL Education Group by 93.8% in the second 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 last quarter. Point72 DIFC Ltd acquired a new position in TAL Education Group in the third quarter valued at approximately $48,000. Blue Trust Inc. lifted its holdings in TAL Education Group by 134.2% in the third quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock valued at $91,000 after acquiring an additional 4,403 shares during the period. DRW Securities LLC acquired a new position in TAL Education Group in the third quarter valued at approximately $128,000. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in TAL Education Group by 1,298,400.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,985 shares of the company’s stock valued at $154,000 after acquiring an additional 12,984 shares during the period. Hedge funds and other institutional investors own 37.79% of the company’s stock.

TAL Education Group Price Performance

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

TAL Education Group (NYSE:TAL) last announced its earnings results on Thursday, October 24th. The company reported $0.12 earnings per share 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 prior year, the company posted $0.06 EPS. As a group, equities analysts expect that TAL Education Group will post 0.17 EPS for the current fiscal year.

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.