TAL Education Group (NYSE:TAL) Trading 3.5% Higher – Time to Buy?

TAL Education Group (NYSE:TAL)’s stock price traded up 3.5% on Wednesday . The stock traded as high as $9.40 and last traded at $9.36. 1,049,922 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 4,485,868 shares. The stock had previously closed at $9.04.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of 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 assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.80.

TAL Education Group Trading Down 2.7 %

The firm’s fifty day moving average price is $10.15 and its 200 day moving average price is $9.88. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 84.27 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, topping the consensus estimate of $0.09 by $0.03. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. The firm had revenue of $619.36 million for the quarter, compared to analyst estimates of $609.51 million. During the same period in the prior year, the business posted $0.06 EPS. On average, analysts forecast that TAL Education Group will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TAL Education Group

Large investors have recently made changes to their positions in the stock. Krane Funds Advisors LLC increased its stake in TAL Education Group by 9.9% during the 2nd quarter. Krane Funds Advisors LLC now owns 19,333,575 shares of the company’s stock worth $206,289,000 after buying an additional 1,749,438 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in TAL Education Group by 2,309.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,758,735 shares of the company’s stock worth $174,743,000 after buying an additional 14,146,152 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in TAL Education Group by 108.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,790,900 shares of the company’s stock worth $104,084,000 after buying an additional 4,581,100 shares during the period. FMR LLC increased its stake in TAL Education Group by 82,138.4% during the 3rd quarter. FMR LLC now owns 7,224,647 shares of the company’s stock worth $85,540,000 after buying an additional 7,215,862 shares during the period. Finally, TT International Asset Management LTD increased its stake in TAL Education Group by 12.7% during the 3rd quarter. TT International Asset Management LTD now owns 4,337,801 shares of the company’s stock worth $51,359,000 after buying an additional 487,957 shares during the period. 37.79% of the stock is currently owned by institutional investors and hedge funds.

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.