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

TAL Education Group (NYSE:TAL) gapped up before the market opened on Monday . The stock had previously closed at $13.18, but opened at $13.73. TAL Education Group shares last traded at $13.83, with a volume of 3,085,723 shares.

Analyst Ratings Changes

TAL has been the topic of a number of research analyst reports. UBS Group raised their target price on TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a report on Friday, January 24th. StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, TAL Education Group currently has an average rating of “Moderate Buy” and a consensus target price of $15.53.

TAL Education Group Trading Up 2.7 %

The firm has a market capitalization of $8.46 billion, a price-to-earnings ratio of 73.61 and a beta of 0.02. The stock’s 50-day moving average is $10.52 and its 200-day moving average is $9.97.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Vontobel Holding Ltd. grew its position in TAL Education Group by 38.5% during the 3rd quarter. Vontobel Holding Ltd. now owns 33,154 shares of the company’s stock worth $393,000 after acquiring an additional 9,218 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of TAL Education Group by 134.2% during the third quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock valued at $91,000 after purchasing an additional 4,403 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of TAL Education Group by 17.3% during the third quarter. Sequoia Financial Advisors LLC now owns 15,340 shares of the company’s stock worth $182,000 after purchasing an additional 2,267 shares during the last quarter. abrdn plc grew its holdings in shares of TAL Education Group by 13.1% during the third quarter. abrdn plc now owns 216,604 shares of the company’s stock worth $2,513,000 after purchasing an additional 25,077 shares during the last quarter. Finally, Yong Rong HK Asset Management Ltd acquired a new position in shares of TAL Education Group in the third quarter valued at approximately $19,413,000. 37.79% of the stock is currently 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. 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.