TAL Education Group (NYSE:TAL) Stock Price Up 3.5% - What's Next?

TAL Education Group (NYSE:TAL - Get Free Report)'s share price traded up 3.5% during mid-day trading on Wednesday . The stock traded as high as $9.40 and last traded at $9.36. 1,049,922 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 4,485,868 shares. The stock had previously closed at $9.04.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of TAL Education Group from a "sell" rating to a "hold" rating in a research report on Monday, October 28th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, TAL Education Group has a consensus rating of "Moderate Buy" and an average price target of $14.80.

TAL Education Group Stock Up 5.6 %

The stock has a market capitalization of $5.78 billion, a price-to-earnings ratio of 86.82 and a beta of -0.01. The company has a 50 day simple moving average of $10.21 and a 200-day simple moving average of $9.88.

TAL Education Group (NYSE:TAL - Get Free Report) last issued its 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. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. The business had revenue of $619.36 million for the quarter, compared to analyst estimates of $609.51 million. During the same period in the prior year, the firm earned $0.06 earnings per share. As a group, sell-side analysts anticipate that TAL Education Group will post 0.17 earnings per share for the current fiscal year.

Institutional Trading of TAL Education Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tobam raised its position in shares of TAL Education Group by 10.4% during the third quarter. Tobam now owns 19,418 shares of the company's stock worth $230,000 after purchasing an additional 1,832 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of TAL Education Group by 93.8% in the second 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 in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of TAL Education Group by 17.3% during the third quarter. Sequoia Financial Advisors LLC now owns 15,340 shares of the company's stock valued at $182,000 after buying an additional 2,267 shares during the last quarter. Public Sector Pension Investment Board grew 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 valued at $1,597,000 after buying an additional 2,400 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in shares of TAL Education Group by 1.3% during the second quarter. AQR Capital Management LLC now owns 253,624 shares of the company's stock worth $2,706,000 after acquiring an additional 3,159 shares in the last quarter. 37.79% of the stock is owned by institutional investors.

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.