TAL Education Group (NYSE:TAL) Shares Up 3.1% – Still a Buy?

TAL Education Group (NYSE:TAL)’s stock price rose 3.1% on Friday . The company traded as high as $9.81 and last traded at $9.74. Approximately 573,328 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 7,001,522 shares. The stock had previously closed at $9.45.

Analysts Set New Price Targets

Several brokerages recently issued reports on TAL. StockNews.com upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. Citigroup dropped their price objective on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a research report on Monday, August 5th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $14.80.

TAL Education Group Stock Performance

The firm’s 50-day simple moving average is $10.08 and its 200 day simple moving average is $10.41. The company has a market cap of $6.01 billion, a P/E ratio of 88.45 and a beta of 0.04.

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

Institutional Trading of TAL Education Group

A number of large investors have recently made changes to their positions in TAL. EverSource Wealth Advisors LLC lifted its position in TAL Education Group by 1,375.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock valued at $28,000 after acquiring an additional 2,173 shares in the last quarter. Blue Trust Inc. boosted its position in shares of TAL Education Group by 569.8% during the second quarter. Blue Trust Inc. now owns 3,282 shares of the company’s stock worth $37,000 after buying an additional 2,792 shares during the period. DRW Securities LLC bought a new position in shares of TAL Education Group during the third quarter worth about $128,000. Point72 Asia Singapore Pte. Ltd. raised its position in TAL Education Group by 1,298,400.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,985 shares of the company’s stock valued at $154,000 after buying an additional 12,984 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in TAL Education Group by 17.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 15,340 shares of the company’s stock valued at $182,000 after acquiring an additional 2,267 shares in the last quarter. Institutional investors own 37.79% of the company’s stock.

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.