TAL Education Group (NYSE:TAL) Shares Gap Down to $13.12

Shares of TAL Education Group (NYSE:TALGet Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $13.12, but opened at $12.81. TAL Education Group shares last traded at $12.74, with a volume of 4,795,157 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. upgraded shares of TAL Education Group from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $10.00 to $15.00 in a research note on Thursday, January 25th. TheStreet upgraded TAL Education Group from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. Finally, StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $12.37.

View Our Latest Report on TAL

TAL Education Group Stock Down 0.8 %

The company has a market cap of $8.24 billion, a PE ratio of -1,291.71 and a beta of 0.12. The stock has a 50-day moving average of $12.20 and a 200-day moving average of $11.94.

TAL Education Group (NYSE:TALGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.10. The firm had revenue of $429.56 million during the quarter, compared to the consensus estimate of $389.03 million. TAL Education Group had a negative return on equity of 0.10% and a negative net margin of 0.24%. Research analysts expect that TAL Education Group will post 0.06 EPS for the current year.

Institutional Trading of TAL Education Group

Several institutional investors and hedge funds have recently made changes to their positions in TAL. Tower Research Capital LLC TRC grew its position in TAL Education Group by 50.5% in the fourth 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. bought a new stake in TAL Education Group in the 1st quarter worth approximately $47,000. IPG Investment Advisors LLC bought a new stake in TAL Education Group in the 4th quarter worth approximately $126,000. New York State Common Retirement Fund grew its position in TAL Education Group by 668.6% during the fourth quarter. New York State Common Retirement Fund now owns 12,298 shares of the company’s stock valued at $155,000 after acquiring an additional 10,698 shares during the last quarter. Finally, Diversified Trust Co purchased a new position in shares of TAL Education Group during the fourth quarter worth approximately $180,000. Hedge funds and other institutional investors own 37.79% of the company’s stock.

TAL Education Group Company Profile

(Get Free Report)

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.

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