TAL Education Group (NYSE:TAL) Stock Price Up 4.5% – Should You Buy?

TAL Education Group (NYSE:TAL)’s share price traded up 4.5% during trading on Monday . The company traded as high as $10.90 and last traded at $10.85. 1,422,872 shares traded hands during mid-day trading, a decline of 79% from the average session volume of 6,938,738 shares. The stock had previously closed at $10.38.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TAL. StockNews.com downgraded TAL Education Group from a “hold” rating to a “sell” rating in a report on Monday, October 14th. Citigroup dropped their price target on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating on the stock in a report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.73.

TAL Education Group Stock Up 6.9 %

The business has a fifty day simple moving average of $9.19 and a two-hundred day simple moving average of $10.53. The company has a market cap of $6.71 billion, a P/E ratio of 138.02 and a beta of 0.04.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.08. The firm had revenue of $414.19 million for the quarter, compared to analysts’ expectations of $392.39 million. TAL Education Group had a net margin of 3.24% and a return on equity of 1.46%. During the same quarter in the prior year, the business earned ($0.07) EPS. On average, equities analysts predict that TAL Education Group will post 0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in TAL. Point72 Hong Kong Ltd purchased a new position in shares of TAL Education Group in the second quarter worth $35,429,000. Krane Funds Advisors LLC grew its position in TAL Education Group by 9.9% in the second quarter. Krane Funds Advisors LLC now owns 19,333,575 shares of the company’s stock worth $206,289,000 after acquiring an additional 1,749,438 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of TAL Education Group in the 2nd quarter worth approximately $17,476,000. Broad Peak Investment Holdings Ltd. bought a new stake in TAL Education Group in the first quarter worth $17,493,000. Finally, National Bank of Canada FI boosted its stake in TAL Education Group by 73.4% during the first 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. 37.79% of the stock is owned by hedge funds and other institutional investors.

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.