TAL Education Group (NYSE:TAL) Shares Gap Up – Should You Buy?

TAL Education Group (NYSE:TAL)’s share price gapped up prior to trading on Monday . The stock had previously closed at $10.14, but opened at $11.01. TAL Education Group shares last traded at $10.98, with a volume of 2,103,712 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.80.

TAL Education Group Trading Down 4.7 %

The business’s fifty day simple moving average is $10.68 and its 200-day simple moving average is $10.06. The firm has a market cap of $6.19 billion, a P/E ratio of 93.00 and a beta of 0.01.

TAL Education Group (NYSE:TAL) last issued its earnings results on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. The business had revenue of $619.36 million for the quarter, compared to analysts’ expectations of $609.51 million. During the same quarter in the previous year, the firm posted $0.06 EPS. As a group, research analysts expect that TAL Education Group will post 0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TAL Education Group

A number of hedge funds and other institutional investors have recently bought and sold shares of TAL. California State Teachers Retirement System raised its holdings in TAL Education Group by 2.4% during the 1st quarter. California State Teachers Retirement System now owns 98,417 shares of the company’s stock valued at $1,117,000 after acquiring an additional 2,315 shares during the period. Blue Trust Inc. increased its holdings in shares of TAL Education Group by 569.8% in the second quarter. Blue Trust Inc. now owns 3,282 shares of the company’s stock worth $37,000 after purchasing an additional 2,792 shares during the period. China Universal Asset Management Co. Ltd. increased its holdings in shares of TAL Education Group by 2,241.5% in the second quarter. China Universal Asset Management Co. Ltd. now owns 96,000 shares of the company’s stock worth $1,024,000 after purchasing an additional 91,900 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of TAL Education Group by 22.6% in the second quarter. Bank of New York Mellon Corp now owns 513,213 shares of the company’s stock worth $5,476,000 after purchasing an additional 94,530 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of TAL Education Group by 84.1% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 40,462 shares of the company’s stock worth $432,000 after purchasing an additional 18,482 shares during the period. Institutional investors own 37.79% of the company’s stock.

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.