TAL Education Group (NYSE:TAL) Stock Price Up 6.5% – Should You Buy?

TAL Education Group (NYSE:TAL)’s share price rose 6.5% on Friday . The company traded as high as $11.74 and last traded at $11.80. Approximately 8,338,964 shares changed hands during mid-day trading, an increase of 3% from the average daily volume of 8,077,132 shares. The stock had previously closed at $11.07.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Tuesday, January 14th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.80.

TAL Education Group Stock Up 5.8 %

The company has a 50 day moving average price of $9.92 and a 200-day moving average price of $9.80. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 106.50 and a beta of -0.01.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The firm had revenue of $619.36 million during the quarter, compared to analysts’ expectations of $609.51 million. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. During the same period in the prior year, the company posted $0.06 EPS. On average, analysts forecast that TAL Education Group will post 0.17 EPS for the current fiscal year.

Institutional Trading of TAL Education Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Blue Trust Inc. grew its position in shares of TAL Education Group by 134.2% in the 3rd quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock valued at $91,000 after buying an additional 4,403 shares during the last quarter. Vontobel Holding Ltd. boosted its holdings in TAL Education Group by 38.5% in the third quarter. Vontobel Holding Ltd. now owns 33,154 shares of the company’s stock valued at $393,000 after acquiring an additional 9,218 shares during the last quarter. Tobam boosted its holdings in TAL Education Group by 10.4% in the third quarter. Tobam now owns 19,418 shares of the company’s stock valued at $230,000 after acquiring an additional 1,832 shares during the last quarter. AQR Capital Management LLC increased its position in TAL Education Group by 1.3% during the 2nd quarter. AQR Capital Management LLC now owns 253,624 shares of the company’s stock valued at $2,706,000 after purchasing an additional 3,159 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its holdings in TAL Education Group by 8.3% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,209,800 shares of the company’s stock worth $44,919,000 after purchasing an additional 321,000 shares during the last quarter. 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.