TAL Education Group (NYSE:TAL) Shares Gap Down – What’s Next?

TAL Education Group (NYSE:TAL) gapped down prior to trading on Thursday . The stock had previously closed at $10.02, but opened at $9.80. TAL Education Group shares last traded at $9.98, with a volume of 435,762 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a report on Monday, October 28th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, TAL Education Group presently has a consensus rating of “Moderate Buy” and an average target price of $14.80.

TAL Education Group Stock Up 0.2 %

The company’s 50-day simple moving average is $10.29 and its 200 day simple moving average is $9.91. The stock has a market capitalization of $5.95 billion, a price-to-earnings ratio of 89.36 and a beta of -0.01.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $609.51 million. During the same quarter in the prior year, the firm posted $0.06 EPS. On average, equities analysts expect that TAL Education Group will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TAL Education Group

Institutional investors have recently modified their holdings of the company. Point72 DIFC Ltd bought a new stake in shares of TAL Education Group during the 3rd quarter worth $48,000. EverSource Wealth Advisors LLC lifted its position in TAL Education Group by 93.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock worth $45,000 after acquiring an additional 2,186 shares during the last quarter. Blue Trust Inc. boosted its holdings in TAL Education Group by 134.2% during 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 stake in shares of TAL Education Group in the third quarter valued at about $128,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in shares of 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 worth $154,000 after purchasing an additional 12,984 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. 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.