TAL Education Group (NYSE:TAL) Shares Up 6.5% on Analyst Upgrade

TAL Education Group (NYSE:TAL) shot up 6.5% on Friday after StockNews.com upgraded the stock from a sell rating to a hold rating. The company traded as high as $11.74 and last traded at $11.80. 8,338,964 shares traded hands during mid-day trading, an increase of 3% from the average session volume of 8,077,132 shares. The stock had previously closed at $11.07.

Separately, UBS Group increased their price target on shares of TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, TAL Education Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.53.

Institutional Trading of TAL Education Group

Several large investors have recently made changes to their positions in TAL. Tobam boosted its holdings in TAL Education Group by 10.4% during 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 period. Blue Trust Inc. grew its holdings in TAL Education Group by 28.1% in the 4th quarter. Blue Trust Inc. now owns 9,843 shares of the company’s stock valued at $99,000 after buying an additional 2,158 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in TAL Education Group by 93.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock valued at $45,000 after buying an additional 2,186 shares during the last quarter. Sequoia Financial Advisors LLC increased its position 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 worth $182,000 after buying an additional 2,267 shares during the period. Finally, Public Sector Pension Investment Board lifted its holdings in shares of TAL Education Group by 1.6% during the second quarter. Public Sector Pension Investment Board now owns 149,682 shares of the company’s stock worth $1,597,000 after buying an additional 2,400 shares during the last quarter. Institutional investors own 37.79% of the company’s stock.

TAL Education Group Stock Up 5.8 %

The firm has a 50-day moving average price of $9.96 and a two-hundred day moving average price of $9.81. The company has a market capitalization of $7.09 billion, a P/E ratio of 106.50 and a beta of -0.01.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The company had revenue of $619.36 million for the quarter, compared to analyst estimates 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 last year, the business posted $0.06 EPS. On average, analysts predict that TAL Education Group will post 0.17 EPS for the current fiscal year.

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.