TAL Education Group (NYSE:TAL) Shares Gap Up - Still a Buy?

TAL Education Group (NYSE:TAL - Get Free Report) shares gapped up prior to trading on Monday . The stock had previously closed at $13.18, but opened at $13.73. TAL Education Group shares last traded at $13.83, with a volume of 3,085,723 shares traded.

Wall Street Analysts Forecast Growth

TAL has been the topic of a number of recent analyst reports. StockNews.com raised shares of TAL Education Group from a "sell" rating to a "hold" rating in a research report on Friday, January 24th. UBS Group increased their price objective on TAL Education Group from $16.40 to $17.20 and gave the company a "buy" rating in a research report on Friday, January 24th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.53.

TAL Education Group Trading Up 2.2 %

The company's fifty day simple moving average is $10.67 and its 200 day simple moving average is $10.03. The firm has a market capitalization of $8.94 billion, a P/E ratio of 77.82 and a beta of 0.02.

Hedge Funds Weigh In On TAL Education Group

Institutional investors have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. raised its stake in TAL Education Group by 38.5% during the third quarter. Vontobel Holding Ltd. now owns 33,154 shares of the company's stock valued at $393,000 after buying an additional 9,218 shares during the last quarter. Blue Trust Inc. boosted its holdings 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 valued at $91,000 after purchasing an additional 4,403 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in shares of 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 purchasing an additional 2,267 shares during the period. abrdn plc lifted its position in shares of TAL Education Group by 13.1% during the third quarter. abrdn plc now owns 216,604 shares of the company's stock worth $2,513,000 after purchasing an additional 25,077 shares during the last quarter. Finally, Yong Rong HK Asset Management Ltd purchased a new stake in TAL Education Group in the third quarter worth about $19,413,000. 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.