TAL Education Group (NYSE:TAL) Shares Up 6.5% After Analyst Upgrade

TAL Education Group (NYSE:TAL)’s share price traded up 6.5% during trading on Friday after StockNews.com upgraded the stock from a sell rating to a hold rating. The stock traded as high as $11.74 and last traded at $11.80. 8,338,964 shares changed hands during trading, an increase of 3% from the average session volume of 8,077,132 shares. The stock had previously closed at $11.07.

Separately, UBS Group boosted their target price on shares of TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, 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

Large investors have recently bought and sold shares of the business. Blue Trust Inc. grew its stake in shares of 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 purchasing an additional 4,403 shares during the last quarter. Vontobel Holding Ltd. grew its position in shares of TAL Education Group by 38.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 33,154 shares of the company’s stock worth $393,000 after buying an additional 9,218 shares during the period. Tobam raised its stake in shares of TAL Education Group by 10.4% during the third quarter. Tobam now owns 19,418 shares of the company’s stock worth $230,000 after buying an additional 1,832 shares during the last quarter. AQR Capital Management LLC lifted its holdings in TAL Education Group by 1.3% in the second quarter. AQR Capital Management LLC now owns 253,624 shares of the company’s stock valued at $2,706,000 after buying an additional 3,159 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its stake in TAL Education Group by 8.3% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,209,800 shares of the company’s stock valued at $44,919,000 after acquiring an additional 321,000 shares during the last quarter. 37.79% of the stock is currently owned by institutional investors.

TAL Education Group Trading Up 5.8 %

The company has a market cap of $7.09 billion, a price-to-earnings ratio of 106.50 and a beta of -0.01. The stock has a 50 day moving average price of $9.96 and a two-hundred day moving average price of $9.81.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, October 24th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $619.36 million for the quarter, compared to analyst estimates of $609.51 million. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. During the same quarter in the prior year, the firm posted $0.06 earnings per share. On average, equities analysts forecast 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.