TAL Education Group (NYSE:TAL) Trading 3.1% Higher – Time to Buy?

Shares of TAL Education Group (NYSE:TAL) shot up 3.1% during mid-day trading on Friday . The stock traded as high as $9.81 and last traded at $9.74. 573,328 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 7,001,522 shares. The stock had previously closed at $9.45.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TAL shares. Citigroup decreased their price objective on TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a report on Monday, August 5th. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.80.

TAL Education Group Stock Performance

The company’s fifty day simple moving average is $10.08 and its two-hundred day simple moving average is $10.41. The stock has a market capitalization of $6.01 billion, a P/E ratio of 88.45 and a beta of 0.04.

TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. The business had revenue of $619.36 million during the quarter, compared to analysts’ expectations of $609.51 million. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. During the same period last year, the firm posted $0.06 EPS. On average, research analysts predict that TAL Education Group will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TAL Education Group

Hedge funds have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of TAL Education Group by 2,309.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,758,735 shares of the company’s stock worth $174,743,000 after purchasing an additional 14,146,152 shares in the last quarter. FMR LLC increased its stake in TAL Education Group by 82,138.4% during the 3rd quarter. FMR LLC now owns 7,224,647 shares of the company’s stock worth $85,540,000 after acquiring an additional 7,215,862 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in TAL Education Group by 108.8% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,790,900 shares of the company’s stock worth $104,084,000 after acquiring an additional 4,581,100 shares during the period. Point72 Hong Kong Ltd acquired a new position in TAL Education Group in the 2nd quarter valued at $35,429,000. Finally, Krane Funds Advisors LLC lifted its position in shares of TAL Education Group by 9.9% during the 2nd quarter. Krane Funds Advisors LLC now owns 19,333,575 shares of the company’s stock valued at $206,289,000 after acquiring an additional 1,749,438 shares during the period. 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.