TAL Education Group (NYSE:TAL) Shares Gap Up - Here's Why

TAL Education Group (NYSE:TAL - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $10.21, but opened at $10.67. TAL Education Group shares last traded at $10.27, with a volume of 1,876,527 shares.

Analysts Set New Price Targets

Several research firms have recently commented on TAL. StockNews.com downgraded TAL Education Group from a "hold" rating to a "sell" rating in a report on Monday, October 14th. Citigroup dropped their price target on shares of TAL Education Group from $21.30 to $13.40 and set a "buy" rating on the stock in a research report on Monday, August 5th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $13.73.

TAL Education Group Stock Up 2.8 %

The company has a market capitalization of $6.35 billion, a P/E ratio of 131.20 and a beta of 0.04. The business's 50-day moving average is $9.29 and its two-hundred day moving average is $10.53.

TAL Education Group (NYSE:TAL - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.08. TAL Education Group had a net margin of 3.24% and a return on equity of 1.46%. The firm had revenue of $414.19 million for the quarter, compared to analysts' expectations of $392.39 million. During the same quarter last year, the firm earned ($0.07) EPS. Analysts predict that TAL Education Group will post 0.1 EPS for the current year.

Hedge Funds Weigh In On TAL Education Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sequoia Financial Advisors LLC raised its position in TAL Education Group by 17.3% in the third quarter. Sequoia Financial Advisors LLC now owns 15,340 shares of the company's stock worth $182,000 after acquiring an additional 2,267 shares during the period. Blue Trust Inc. increased its stake in shares of TAL Education Group by 134.2% during the 3rd quarter. Blue Trust Inc. now owns 7,685 shares of the company's stock worth $91,000 after purchasing an additional 4,403 shares during the last quarter. Vontobel Holding Ltd. raised its holdings in shares of TAL Education Group by 38.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 33,154 shares of the company's stock worth $393,000 after purchasing an additional 9,218 shares during the period. Tobam lifted its stake in TAL Education Group by 10.4% in the third quarter. Tobam now owns 19,418 shares of the company's stock valued at $230,000 after purchasing an additional 1,832 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in TAL Education Group by 8.3% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,209,800 shares of the company's stock valued at $44,919,000 after purchasing an additional 321,000 shares during the period. 37.79% of the stock is owned by hedge funds and other institutional investors.

TAL Education Group Company Profile

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.