TAL Education Group (NYSE:TAL) Shares Up 3.5% – Time to Buy?

TAL Education Group (NYSE:TAL)’s stock price shot up 3.5% during trading on Wednesday . The company traded as high as $9.40 and last traded at $9.36. 1,049,922 shares were traded during trading, a decline of 77% from the average session volume of 4,485,868 shares. The stock had previously closed at $9.04.

Wall Street Analyst Weigh In

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

TAL Education Group Price Performance

The firm has a 50 day moving average price of $10.21 and a 200-day moving average price of $9.88. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 86.91 and a beta of -0.01.

TAL Education Group (NYSE:TAL) last issued its earnings results on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.03. The company had revenue of $619.36 million for the quarter, compared to analyst estimates of $609.51 million. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. During the same quarter last year, the firm earned $0.06 EPS. On average, sell-side analysts expect that TAL Education Group will post 0.17 EPS for the current fiscal year.

Institutional Trading of TAL Education Group

Several institutional investors and hedge funds have recently made changes to their positions in TAL. TT International Asset Management LTD raised its position in shares of TAL Education Group by 12.7% in the 3rd quarter. TT International Asset Management LTD now owns 4,337,801 shares of the company’s stock valued at $51,359,000 after acquiring an additional 487,957 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in TAL Education Group in the third quarter worth $25,545,000. Y Intercept Hong Kong Ltd bought a new position in shares of TAL Education Group during the third quarter worth $1,723,000. XTX Topco Ltd acquired a new position in shares of TAL Education Group in the 3rd quarter valued at $233,000. Finally, National Bank of Canada FI increased its position in shares of TAL Education Group by 46.7% in the 3rd quarter. National Bank of Canada FI now owns 3,736,300 shares of the company’s stock valued at $44,238,000 after buying an additional 1,189,400 shares in the last quarter. Institutional investors own 37.79% of the company’s stock.

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.