TAL Education Group (NYSE:TAL – Get Free Report) rose 4.3% on Friday. The stock traded as high as $14.00 and last traded at $13.98. Approximately 850,106 shares traded hands on intraday trading, a decrease of 89% from the average daily trading volume of 7,478,231 shares. The stock previously closed at $13.40.
Analyst sets new price target
Multiple research analysts have commented on TAL stock. TheStreet raised TAL Education Group from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. StockNews.com downgraded TAL Education Group from a “hold” rating to a “sell” rating in a research note on Wednesday, February 7th. JPMorgan Chase upgraded TAL Education Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $10.00 to $15.00 in a research note on Thursday, January 25th. Morgan Stanley interviewed her for TAL Education Group in a research report on Tuesday, November 7th. They gave the company an “overweight” rating and set a price target of $10.50. Finally, Goldman Sachs Group began coverage on his TAL Education Group in a research report on Friday, November 24th. They set a “buy” rating on the company. One investment analyst has rated the stock as a “sell” and four have rated it a “buy.” According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $12.37.
Get the latest stock reports on TAL
TAL Education Group Price Performance
The company's 50 day simple moving average is $12.32 and its 200 day simple moving average is $10.10. The company has a market capitalization of $9.06 billion, a P/E ratio of -129.18 and a beta of 0.10.
TAL Education Group (NYSE:TAL – Get Free Report) last issued its earnings results on Thursday, January 25th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate ($0.02) by ($0.02). TAL Education Group's net profit margin was 5.30% and return on equity was 1.93%. The company had revenue of $373.51 million for the quarter, compared to analyst expectations of $330.96 million. Analysts, on average, expect TAL Education Group's EPS for the current year to be -0.07.
Institutional investors take notice of TAL Education Group
Large investors have recently bought and sold shares in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new role with TAL Education Group in the second quarter worth $60,005,000. HCEP Management Ltd increased its position in TAL Education Group by 456.4% in the 4th quarter. HCEP Management Ltd. He now owns 5,000,000 shares of the company's stock worth $63.15 million after acquiring an additional 4,101,330 shares during the last quarter. Morgan Stanley boosted its position in TAL Education Group by 20.2% in the 3rd quarter. Morgan Stanley now owns 16,136,868 shares of the company's stock worth $147,007,000 after acquiring an additional 2,710,826 shares during the last quarter. Keystone Investors PTE Ltd. acquired a new position in shares of His TAL Education Group during the 3rd quarter valued at approximately $24,353,000. Finally, Renaissance Technologies LLC increased its position in shares of TAL Education Group by 69.3% during the 1st quarter. Renaissance Technologies LLC now owns 6,253,600 shares of the company's stock valued at $40,086,000 after purchasing an additional 2,560,700 shares during the last quarter. Institutional investors currently hold 37.29% of the stock.
About TAL Education Group
(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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