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

TAL Education Group (NYSE:TAL) traded up 4.5% on Monday . The stock traded as high as $10.90 and last traded at $10.85. 1,422,872 shares were traded 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

Several research firms have recently issued reports on TAL. Citigroup cut their price objective 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. StockNews.com cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Monday, October 14th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $13.73.

TAL Education Group Stock Performance

The firm’s 50 day simple moving average is $9.27 and its 200 day simple moving average is $10.53. The firm has a market capitalization of $6.90 billion, a price-to-earnings ratio of 142.64 and a beta of 0.04.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 1.46% and a net margin of 3.24%. During the same period in the previous year, the company posted ($0.07) earnings per share. As a group, sell-side analysts forecast that TAL Education Group will post 0.1 earnings per share for the current year.

Hedge Funds Weigh In On TAL Education Group

A number of large investors have recently bought and sold shares of TAL. Tobam increased its position in shares of TAL Education Group by 10.4% in the third quarter. Tobam now owns 19,418 shares of the company’s stock valued at $230,000 after buying an additional 1,832 shares in the last quarter. EverSource Wealth Advisors LLC raised 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 worth $28,000 after acquiring an additional 2,173 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in TAL Education Group by 17.3% during the third quarter. Sequoia Financial Advisors LLC now owns 15,340 shares of the company’s stock valued at $182,000 after purchasing an additional 2,267 shares in the last quarter. California State Teachers Retirement System raised its position in shares of 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 worth $1,117,000 after purchasing an additional 2,315 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in TAL Education Group by 1.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 149,682 shares of the company’s stock valued at $1,597,000 after buying an additional 2,400 shares in the last quarter. Institutional investors and hedge funds 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.