TAL Education Group (NYSE:TAL) Shares Up 7.1% - Should You Buy?

Shares of TAL Education Group (NYSE:TAL - Get Free Report) rose 7.1% during mid-day trading on Tuesday . The company traded as high as $10.76 and last traded at $10.70. Approximately 739,812 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 7,132,708 shares. The stock had previously closed at $9.99.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on TAL. StockNews.com raised shares of TAL Education Group from a "sell" rating to a "hold" rating in a research note on Friday, January 24th. UBS Group boosted their price target on TAL Education Group from $16.40 to $17.20 and gave the company a "buy" rating in a research note on Friday, January 24th. Macquarie lowered shares of TAL Education Group from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $14.50 to $10.90 in a research report on Thursday. Finally, JPMorgan Chase & Co. downgraded shares of TAL Education Group from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $16.00 to $11.00 in a research report on Thursday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, TAL Education Group has a consensus rating of "Moderate Buy" and a consensus target price of $13.70.

TAL Education Group Stock Performance

The stock has a 50 day moving average of $12.34 and a two-hundred day moving average of $11.30. The firm has a market capitalization of $5.39 billion, a P/E ratio of 46.98 and a beta of 0.03.

TAL Education Group (NYSE:TAL - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). The firm had revenue of $610.24 million during the quarter, compared to the consensus estimate of $639.89 million. TAL Education Group had a net margin of 5.77% and a return on equity of 3.22%. During the same period in the prior year, the business earned $0.08 EPS. Sell-side analysts predict that TAL Education Group will post 0.2 EPS for the current year.

Hedge Funds Weigh In On TAL Education Group

Several large investors have recently bought and sold shares of TAL. O Shaughnessy Asset Management LLC lifted its stake in shares of TAL Education Group by 5.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 16,636 shares of the company's stock valued at $167,000 after buying an additional 838 shares during the period. Sequoia Financial Advisors LLC grew its holdings in shares of TAL Education Group by 8.2% during the 4th quarter. Sequoia Financial Advisors LLC now owns 16,596 shares of the company's stock worth $166,000 after purchasing an additional 1,256 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of TAL Education Group by 15.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 11,829 shares of the company's stock valued at $119,000 after purchasing an additional 1,556 shares during the period. Blue Trust Inc. raised its stake in shares of TAL Education Group by 28.1% in the fourth quarter. Blue Trust Inc. now owns 9,843 shares of the company's stock valued at $99,000 after purchasing an additional 2,158 shares in the last quarter. Finally, RWC Asset Management LLP lifted its position in TAL Education Group by 3.0% in the fourth quarter. RWC Asset Management LLP now owns 93,784 shares of the company's stock worth $940,000 after purchasing an additional 2,726 shares during the period. 37.79% of the stock is currently owned by institutional investors and hedge funds.

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.