TAL Education Group (NYSE:TAL) Shares Up 4.3%

TAL Education Group (NYSE:TAL)’s stock price traded up 4.3% during trading on Thursday . The stock traded as high as $12.87 and last traded at $12.79. 4,641,113 shares were traded during mid-day trading, a decline of 34% from the average session volume of 7,076,428 shares. The stock had previously closed at $12.26.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. raised shares of TAL Education Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $10.00 to $15.00 in a research note on Thursday, January 25th. StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday. Finally, TheStreet raised shares of TAL Education Group from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, TAL Education Group presently has a consensus rating of “Moderate Buy” and an average target price of $12.37.

TAL Education Group Price Performance

The business’s 50 day simple moving average is $12.41 and its 200 day simple moving average is $11.57.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, January 25th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The firm had revenue of $373.51 million during the quarter, compared to analyst estimates of $330.96 million. TAL Education Group had a negative net margin of 0.24% and a negative return on equity of 0.10%. Equities research analysts expect that TAL Education Group will post 0.11 EPS for the current year.

Institutional Trading of TAL Education Group

Large investors have recently added to or reduced their stakes in the company. Keystone Investors PTE Ltd. acquired a new stake in TAL Education Group in the third quarter valued at $24,353,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in TAL Education Group by 11.0% in the fourth quarter. E Fund Management Hong Kong Co. Ltd. now owns 433,694 shares of the company’s stock valued at $5,478,000 after acquiring an additional 43,071 shares during the last quarter. Barclays PLC lifted its stake in shares of TAL Education Group by 10.1% during the 3rd quarter. Barclays PLC now owns 299,773 shares of the company’s stock worth $2,731,000 after buying an additional 27,400 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of TAL Education Group by 31.5% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,582,655 shares of the company’s stock worth $14,418,000 after buying an additional 379,000 shares during the last quarter. Finally, California Public Employees Retirement System lifted its stake in shares of TAL Education Group by 1.5% during the 3rd quarter. California Public Employees Retirement System now owns 801,288 shares of the company’s stock worth $7,300,000 after buying an additional 11,518 shares during the last quarter. Institutional investors and hedge funds own 37.79% of the company’s stock.

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.