TAL Education Group (NYSE:TAL) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of TAL Education Group (NYSE:TAL) from a sell rating to a hold rating in a research note published on Friday.

A number of other research analysts have also recently issued reports on TAL. TheStreet raised shares of TAL Education Group from a d+ rating to a c- rating in a research note on Wednesday, February 14th. JPMorgan Chase & Co. raised shares of TAL Education Group from a neutral rating to an overweight rating and boosted their target price for the stock from $10.00 to $15.00 in a research note on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, TAL Education Group presently has a consensus rating of Moderate Buy and an average price target of $12.37.

TAL Education Group Price Performance

Shares of NYSE:TAL opened at $13.40 on Friday. The company’s 50 day simple moving average is $12.41 and its 200 day simple moving average is $11.57. TAL Education Group has a 1 year low of $5.09 and a 1 year high of $15.52.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, January 25th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $373.51 million during the quarter, compared to the consensus estimate of $330.96 million. TAL Education Group had a negative net margin of 0.24% and a negative return on equity of 0.10%. Equities analysts anticipate that TAL Education Group will post 0.11 EPS for the current year.

Institutional Trading of TAL Education Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Keystone Investors PTE Ltd. bought a new stake in shares of TAL Education Group during the third quarter worth $24,353,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of TAL Education Group by 11.0% during the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 433,694 shares of the company’s stock worth $5,478,000 after purchasing an additional 43,071 shares during the period. Barclays PLC lifted its holdings in shares of TAL Education Group by 10.1% during the third quarter. Barclays PLC now owns 299,773 shares of the company’s stock worth $2,731,000 after purchasing an additional 27,400 shares during the period. Canada Pension Plan Investment Board lifted its holdings in shares of TAL Education Group by 31.5% during the third quarter. Canada Pension Plan Investment Board now owns 1,582,655 shares of the company’s stock worth $14,418,000 after purchasing an additional 379,000 shares during the period. Finally, California Public Employees Retirement System lifted its holdings in shares of TAL Education Group by 1.5% during the third quarter. California Public Employees Retirement System now owns 801,288 shares of the company’s stock worth $7,300,000 after purchasing an additional 11,518 shares during the period. Institutional investors 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. 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.