TAL Education Group (NYSE:TAL) Shares Gap Up to $10.68

TAL Education Group (NYSE:TAL - Get Free Report)'s share price gapped up prior to trading on Friday . The stock had previously closed at $10.68, but opened at $10.98. TAL Education Group shares last traded at $11.05, with a volume of 193,773 shares trading hands.

Analysts Set New Price Targets

TAL has been the subject of a number of recent research reports. StockNews.com downgraded shares of TAL Education Group from a "hold" rating to a "sell" rating in a report on Thursday. HSBC initiated coverage on TAL Education Group in a research note on Wednesday, May 29th. They issued a "buy" rating and a $16.00 price target for the company. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $13.28.

TAL Education Group Stock Up 1.2 %

The business's 50 day simple moving average is $11.54 and its 200-day simple moving average is $12.03. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of -1,082.92 and a beta of 0.01.

TAL Education Group (NYSE:TAL - Get Free Report) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.10. TAL Education Group had a negative net margin of 0.24% and a negative return on equity of 0.10%. The business had revenue of $429.56 million for the quarter, compared to analyst estimates of $389.03 million. On average, analysts expect that TAL Education Group will post 0.06 earnings per share for the current year.

Hedge Funds Weigh In On TAL Education Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings in shares of TAL Education Group by 1,375.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company's stock valued at $28,000 after purchasing an additional 2,173 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of TAL Education Group by 50.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,550 shares of the company's stock worth $45,000 after buying an additional 1,191 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in shares of TAL Education Group during the first quarter worth $47,000. IPG Investment Advisors LLC acquired a new position in shares of TAL Education Group during the fourth quarter worth $126,000. Finally, New York State Common Retirement Fund lifted its stake in shares of TAL Education Group by 668.6% in the 4th quarter. New York State Common Retirement Fund now owns 12,298 shares of the company's stock valued at $155,000 after acquiring an additional 10,698 shares during the last quarter. Institutional investors own 37.79% of the company's stock.

TAL Education Group Company Profile

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.