TAL Education Group (NYSE:TAL) Upgraded by StockNews.com to Hold

StockNews.com upgraded shares of TAL Education Group (NYSE:TAL) from a sell rating to a hold rating in a research report report published on Monday morning.

Several other research analysts have also recently commented on the company. HSBC assumed coverage on TAL Education Group in a research note on Wednesday, May 29th. They issued a buy rating and a $16.00 price target on the stock. Citigroup cut their price objective on TAL Education Group from $21.30 to $13.40 and set a buy rating on the stock in a research note on Monday. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, TAL Education Group currently has a consensus rating of Moderate Buy and a consensus target price of $13.30.

TAL Education Group Stock Up 8.5 %

Shares of NYSE TAL traded up $0.73 on Monday, hitting $9.35. The company had a trading volume of 12,822,546 shares, compared to its average volume of 6,744,968. TAL Education Group has a 12-month low of $6.24 and a 12-month high of $15.52. The business has a 50 day moving average of $10.62 and a two-hundred day moving average of $11.80. The firm has a market capitalization of $5.66 billion, a P/E ratio of -927.00 and a beta of 0.01.

TAL Education Group (NYSE:TAL) last issued its earnings results 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. TAL Education Group had a return on equity of 1.47% and a net margin of 3.24%. The company had revenue of $414.19 million during the quarter, compared to the consensus estimate of $392.39 million. During the same quarter in the prior year, the business earned ($0.07) earnings per share. On average, sell-side analysts anticipate that TAL Education Group will post 0.06 earnings per share for the current year.

Hedge Funds Weigh In On TAL Education Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in TAL Education Group by 1,375.3% during the first quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock valued at $28,000 after purchasing an additional 2,173 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of TAL Education Group by 569.8% in the 2nd quarter. Blue Trust Inc. now owns 3,282 shares of the company’s stock worth $37,000 after acquiring an additional 2,792 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of TAL Education Group by 50.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,550 shares of the company’s stock worth $45,000 after acquiring an additional 1,191 shares in the last quarter. China Universal Asset Management Co. Ltd. acquired a new position in shares of TAL Education Group in the 1st quarter worth approximately $47,000. Finally, IPG Investment Advisors LLC acquired a new position in shares of TAL Education Group in the 4th quarter worth approximately $126,000. 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. 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.