TAL Education Group (NYSE:TAL - Get Free Report)'s stock price shot up 1.5% on Monday . The company traded as high as $8.68 and last traded at $8.60. 4,214,119 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 6,650,980 shares. The stock had previously closed at $8.47.
Analyst Ratings Changes
Several analysts recently commented on the stock. Citigroup cut their target price on shares of TAL Education Group from $21.30 to $13.40 and set a "buy" rating for the company in a research note on Monday. StockNews.com lowered shares of TAL Education Group from a "hold" rating to a "sell" rating in a report on Thursday, July 11th. Finally, HSBC initiated coverage on shares of TAL Education Group in a research note on Wednesday, May 29th. They issued a "buy" rating and a $16.00 price objective on the stock. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $13.30.
Read Our Latest Analysis on TAL Education Group
TAL Education Group Stock Up 1.8 %
The company has a market capitalization of $5.21 billion, a P/E ratio of -846.15 and a beta of 0.01. The company's 50-day simple moving average is $10.67 and its 200 day simple moving average is $11.82.
TAL Education Group (NYSE:TAL - Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.08. The company had revenue of $414.19 million during the quarter, compared to the consensus estimate of $392.39 million. TAL Education Group had a net margin of 3.24% and a return on equity of 1.47%. During the same period in the previous year, the firm posted ($0.07) earnings per share. As a group, equities research analysts forecast that TAL Education Group will post 0.06 earnings per share for the current year.
Institutional Trading of TAL Education Group
Several large investors have recently modified their holdings of the company. HCEP Management Ltd raised its stake in shares of TAL Education Group by 456.4% in the 4th quarter. HCEP Management Ltd now owns 5,000,000 shares of the company's stock valued at $63,150,000 after buying an additional 4,101,330 shares in the last quarter. Acadian Asset Management LLC boosted its stake in TAL Education Group by 40.6% during the 1st quarter. Acadian Asset Management LLC now owns 4,109,277 shares of the company's stock worth $46,617,000 after acquiring an additional 1,187,364 shares during the last quarter. UBS Group AG boosted its stake in TAL Education Group by 5.3% during the 4th quarter. UBS Group AG now owns 3,981,895 shares of the company's stock worth $50,291,000 after acquiring an additional 200,331 shares during the last quarter. National Bank of Canada FI raised its holdings in TAL Education Group by 73.4% during the 1st quarter. National Bank of Canada FI now owns 3,257,700 shares of the company's stock worth $36,975,000 after buying an additional 1,379,500 shares during the period. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of TAL Education Group by 24.1% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,239,151 shares of the company's stock valued at $40,878,000 after purchasing an additional 629,151 shares during the last quarter. 37.79% of the stock is owned by institutional investors.
TAL Education Group Company Profile
(Get Free Report)
TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.
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