TAL Education Group (NYSE:TAL) Shares Gap Up to $11.95

TAL Education Group (NYSE:TAL)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $11.95, but opened at $12.57. TAL Education Group shares last traded at $12.03, with a volume of 1,110,549 shares traded.

Wall Street Analysts Forecast Growth

TAL has been the subject of a number of recent research reports. JPMorgan Chase & Co. upgraded shares of TAL Education Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $10.00 to $15.00 in a research note on Thursday, January 25th. TheStreet raised TAL Education Group from a “d+” rating to a “c-” rating in a report on Wednesday, February 14th. Finally, StockNews.com downgraded TAL Education Group from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $12.37.

TAL Education Group Price Performance

The business has a 50-day moving average of $12.55 and a 200-day moving average of $11.50.

TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, January 25th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). TAL Education Group had a negative net margin of 5.30% and a negative return on equity of 1.93%. The business had revenue of $373.51 million during the quarter, compared to analysts’ expectations of $330.96 million. Research analysts anticipate that TAL Education Group will post -0.06 earnings per share for the current year.

Hedge Funds Weigh In On TAL Education Group

Several institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its stake in shares of TAL Education Group by 50.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,550 shares of the company’s stock valued at $45,000 after purchasing an additional 1,191 shares during the last quarter. IPG Investment Advisors LLC purchased a new position in TAL Education Group in the 4th quarter valued at $126,000. Advisor Partners II LLC increased its stake in TAL Education Group by 42.4% in the 3rd quarter. Advisor Partners II LLC now owns 14,513 shares of the company’s stock valued at $132,000 after buying an additional 4,322 shares during the period. New York State Common Retirement Fund raised its position in TAL Education Group by 668.6% during the 4th quarter. New York State Common Retirement Fund now owns 12,298 shares of the company’s stock worth $155,000 after buying an additional 10,698 shares during the last quarter. Finally, Diversified Trust Co acquired a new stake in shares of TAL Education Group in the 4th quarter worth $180,000. 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. The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.