TAL Education Group (NYSE:TAL) Shares Gap Up – Still a Buy?

TAL Education Group (NYSE:TAL)’s share price gapped up prior to trading on Monday . The stock had previously closed at $10.14, but opened at $11.01. TAL Education Group shares last traded at $10.98, with a volume of 2,103,712 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.80.

TAL Education Group Stock Performance

The firm’s 50-day simple moving average is $10.70 and its 200 day simple moving average is $10.07. The stock has a market capitalization of $6.62 billion, a P/E ratio of 101.73 and a beta of 0.01.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $619.36 million for the quarter, compared to analysts’ expectations of $609.51 million. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. During the same quarter in the prior year, the business posted $0.06 EPS. As a group, research analysts expect that TAL Education Group will post 0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TAL Education Group

A number of institutional investors and hedge funds have recently modified their holdings of TAL. Tobam raised 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 purchasing an additional 1,832 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of TAL Education Group by 93.8% in the second quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock valued at $45,000 after purchasing an additional 2,186 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake 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 period. California State Teachers Retirement System increased its stake in shares of TAL Education Group by 2.4% during the first 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 period. Finally, Public Sector Pension Investment Board lifted its holdings in TAL Education Group by 1.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 149,682 shares of the company’s stock worth $1,597,000 after purchasing an additional 2,400 shares during the last quarter. 37.79% of the stock is 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.