TAL Education Group (NYSE:TAL – Get Free Report) shares rose in pre-market trading on Wednesday. The stock opened at $11.90, having previously closed at $11.62. TAL Education Group stock's last traded price was $11.83, with volume of 733,055 shares.
Analyst upgrades and downgrades
Many stock analysts have commented on TAL stock. Goldman Sachs Group covered shares of TAL Education Group in a research note on Friday, November 24th. They issued a “buy” rating on the company. JPMorgan Chase & Co. upgraded TAL Education Group from a “neutral” rating to an “overweight” rating and increased their target price for the company from $10.00 to $15.00 in a research report on Thursday, January 25th. TheStreet upgraded TAL Education Group from a “d+” rating to a “c-” rating in a research note on Wednesday, February 14th. Finally, StockNews.com downgraded TAL Education Group from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating and four have rated the stock with a buy rating. The company currently has an average rating of “Moderate Buy” and an average price target of $12.37, according to data from MarketBeat.com.
Check out our latest analysis for TAL Education Group.
TAL Education Group Price Performance
The stock's 50-day simple moving average is $12.62 and its 200-day simple moving average is $10.88.
TAL Education Group (NYSE:TAL – Get Free Report) last released its quarterly earnings data on Thursday, January 25th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates ($0.02) by ($0.02). The business had revenue of $373.51 million for the quarter, compared to the consensus estimate of $330.96 million. TAL Education Group had a negative return on equity of 1.93% and a negative net margin of 5.30%. As a group, equities analysts predict that TAL Education Group's earnings per share for the current fiscal year will be -0.06.
Institutional investors take notice of TAL Education Group
Several institutional investors and hedge funds have recently modified their holdings of TAL. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of TAL Education Group by 135.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 244,990 shares of the stock valued at $779,000 after purchasing an additional 140,916 shares during the period. JPMorgan Chase & Co. increased its stake in TAL Education Group by 50.3% in the 1st quarter. JPMorgan Chase & Co. now owns 1,250,049 shares of the company's stock valued at $3,762,000 after purchasing an additional 418,100 shares during the period. Acadian Asset Management LLC purchased a new position in his TAL Education Group in the 1st quarter valued at $140,000. Panagora Asset Management increased its holdings in shares of TAL Education Group by 10.8% in the 1st quarter. Panagora Asset Management now owns 86,028 shares of the stock valued at $259,000 after purchasing an additional 8,396 shares in the last quarter. Finally, BlackRock Inc. grew its position in shares of TAL Education Group by 4.1% in the 1st quarter. BlackRock Inc. now owns 19,736,428 shares of the company's stock valued at $59,406,000 after purchasing an additional 780,929 shares during the period. 37.29% of the stock is owned by hedge funds and other institutional investors.
TAL Education Group Company Profile
(Get Free Report)
TAL Education Group provides after-school tutoring services for K-12 students in the People's Republic of China. The company provides tutoring services to students from kindergarten through high school, covering a variety of academic subjects such as mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese. .
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