TAL Education Group (NYSE:TAL) rose 6.2% on Friday . The stock traded as high as $30.79 and last traded at $30.46. Approximately 6,034,586 shares changed hands during mid-day trading, a decline of 11% from the average daily volume of 6,775,289 shares. The stock had previously closed at $28.67.

TAL has been the subject of several research reports. Zacks Investment Research upgraded shares of TAL Education Group from a “hold” rating to a “strong-buy” rating and set a $39.00 target price for the company in a research note on Thursday, October 26th. Macquarie cut shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research note on Friday, October 27th. Deutsche Bank initiated coverage on shares of TAL Education Group in a research note on Thursday, January 4th. They issued a “buy” rating and a $35.00 target price for the company. Finally, ValuEngine cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $31.55.

The stock has a market capitalization of $16,160.00, a P/E ratio of 105.03 and a beta of 0.40. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 1.07.

A number of institutional investors and hedge funds have recently made changes to their positions in TAL. Baillie Gifford & Co. lifted its stake in TAL Education Group by 530.5% during the third quarter. Baillie Gifford & Co. now owns 23,724,100 shares of the company’s stock worth $799,739,000 after purchasing an additional 19,961,398 shares during the period. Greenwoods Asset Management Ltd lifted its stake in TAL Education Group by 474.7% during the third quarter. Greenwoods Asset Management Ltd now owns 6,626,686 shares of the company’s stock worth $223,386,000 after purchasing an additional 5,473,555 shares during the period. Principal Financial Group Inc. lifted its stake in TAL Education Group by 501.8% during the third quarter. Principal Financial Group Inc. now owns 4,816,308 shares of the company’s stock worth $162,358,000 after purchasing an additional 4,015,962 shares during the period. Thornburg Investment Management Inc. lifted its stake in TAL Education Group by 1,386.4% during the third quarter. Thornburg Investment Management Inc. now owns 3,353,831 shares of the company’s stock worth $113,058,000 after purchasing an additional 3,128,201 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC lifted its stake in TAL Education Group by 1,096.6% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,530,746 shares of the company’s stock worth $85,311,000 after purchasing an additional 2,319,259 shares during the period. Hedge funds and other institutional investors own 51.03% of the company’s stock.

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About TAL Education Group

TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.

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