TAL Education Group (NYSE:TAL) Shares Gap Up – What’s Next?

TAL Education Group (NYSE:TAL) gapped up before the market opened on Thursday . The stock had previously closed at $9.13, but opened at $10.75. TAL Education Group shares last traded at $10.56, with a volume of 8,263,981 shares traded.

Analysts Set New Price Targets

Several analysts recently commented on the company. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research note on Friday. UBS Group boosted 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.40.

TAL Education Group Stock Performance

The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 106.50 and a beta of -0.01. The stock has a 50-day moving average of $9.92 and a 200-day moving average of $9.80.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The company had revenue of $619.36 million during the quarter, compared to analysts’ expectations of $609.51 million. During the same quarter last year, the company earned $0.06 EPS. Sell-side analysts predict that TAL Education Group will post 0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On TAL Education Group

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 DIFC Ltd bought a new stake in TAL Education Group during the third quarter worth $48,000. EverSource Wealth Advisors LLC increased its stake in shares of TAL Education Group by 93.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock worth $45,000 after purchasing an additional 2,186 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of TAL Education Group by 134.2% in 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 period. DRW Securities LLC acquired a new stake in TAL Education Group in the 3rd quarter valued at about $128,000. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in TAL Education Group by 1,298,400.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,985 shares of the company’s stock worth $154,000 after purchasing an additional 12,984 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.