TAL Education Group (NYSE:TAL) Shares Up 2.3%

TAL Education Group (NYSE:TAL) rose 2.3% during trading on Wednesday . The stock traded as high as $11.75 and last traded at $11.66. Approximately 343,400 shares changed hands during trading, a decline of 95% from the average daily volume of 6,789,945 shares. The stock had previously closed at $11.40.

Wall Street Analysts Forecast Growth

TAL has been the subject of several recent analyst reports. StockNews.com lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. TheStreet upgraded shares of TAL Education Group from a “d+” rating to a “c-” rating in a research note on Wednesday, February 14th. Finally, JPMorgan Chase & Co. upgraded shares of TAL Education Group from a “neutral” rating to an “overweight” rating and boosted their price objective 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 sell rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.37.

TAL Education Group Stock Performance

The stock’s 50 day simple moving average is $12.68 and its 200-day simple moving average is $11.32.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings results 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). TAL Education Group had a negative net margin of 5.30% and a negative return on equity of 1.93%. The company had revenue of $373.51 million for the quarter, compared to analyst estimates of $330.96 million. Equities research analysts expect that TAL Education Group will post -0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Yousif Capital Management LLC purchased a new stake in shares of TAL Education Group in the 1st quarter valued at $39,000. Tower Research Capital LLC TRC boosted its holdings in shares of TAL Education Group by 50.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,550 shares of the company’s stock valued at $45,000 after acquiring an additional 1,191 shares during the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of TAL Education Group in the 2nd quarter valued at $55,000. Engineers Gate Manager LP purchased a new stake in shares of TAL Education Group in the 3rd quarter valued at $66,000. Finally, Advisor Partners II LLC purchased a new stake in shares of TAL Education Group in the 4th quarter valued at $71,000. Institutional investors and hedge funds own 37.79% of the company’s stock.

TAL Education Group Company Profile

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.