TAL Education Group (NYSE:TAL) Shares Up 5.6%

TAL Education Group (NYSE:TAL) shot up 5.6% on Friday . The company traded as high as $10.98 and last traded at $10.86. 3,360,169 shares were traded during trading, a decline of 49% from the average session volume of 6,560,403 shares. The stock had previously closed at $10.28.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research report on Monday, August 5th. Citigroup reduced their price objective on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a research report on Monday, August 5th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $13.30.

TAL Education Group Trading Up 4.0 %

The firm has a market capitalization of $6.47 billion, a P/E ratio of -1,077.00 and a beta of 0.02. The company has a 50 day moving average of $8.77 and a 200-day moving average of $10.63.

TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.08. TAL Education Group had a net margin of 3.24% and a return on equity of 1.46%. The business had revenue of $414.19 million for the quarter, compared to the consensus estimate of $392.39 million. During the same period in the prior year, the company posted ($0.07) earnings per share. As a group, sell-side analysts forecast that TAL Education Group will post 0.1 EPS for the current fiscal year.

Institutional Investors Weigh In On TAL Education Group

Several institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its position in shares of TAL Education Group by 1,375.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock valued at $28,000 after acquiring an additional 2,173 shares during the period. Blue Trust Inc. grew its stake in TAL Education Group by 569.8% during the second quarter. Blue Trust Inc. now owns 3,282 shares of the company’s stock worth $37,000 after buying an additional 2,792 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new position in TAL Education Group in the 1st quarter valued at about $47,000. Shell Asset Management Co. raised its position in shares of TAL Education Group by 328.8% in the 1st quarter. Shell Asset Management Co. now owns 15,672 shares of the company’s stock valued at $178,000 after buying an additional 12,017 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its holdings in shares of TAL Education Group by 30.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,798 shares of the company’s stock worth $202,000 after acquiring an additional 4,177 shares during the period. 37.79% of the stock is currently owned by institutional investors.

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.