TAL Education Group (NYSE:TAL) Rating Increased to Hold at StockNews.com

TAL Education Group (NYSE:TAL) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Several other equities analysts have also weighed in on the stock. TheStreet upgraded shares of TAL Education Group from a “d+” rating to a “c-” rating in a research report on Wednesday, February 14th. JPMorgan Chase & Co. upgraded shares of TAL Education Group from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $10.00 to $15.00 in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $12.37.

TAL Education Group Trading Up 0.4 %

TAL opened at $13.41 on Friday. The company’s fifty day moving average price is $12.41 and its two-hundred day moving average price is $11.59. TAL Education Group has a 1-year low of $5.09 and a 1-year high of $15.52. The company has a market cap of $8.55 billion, a price-to-earnings ratio of -1,339.66 and a beta of 0.15.

TAL Education Group (NYSE:TAL) last released its quarterly earnings data on Thursday, January 25th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The business had revenue of $373.51 million for the quarter, compared to analyst estimates of $330.96 million. TAL Education Group had a negative return on equity of 0.10% and a negative net margin of 0.24%. As a group, equities analysts forecast that TAL Education Group will post 0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. HCEP Management Ltd boosted its holdings in TAL Education Group by 456.4% in the fourth quarter. HCEP Management Ltd now owns 5,000,000 shares of the company’s stock valued at $63,150,000 after acquiring an additional 4,101,330 shares in the last quarter. Keystone Investors PTE Ltd. purchased a new position in TAL Education Group in the 3rd quarter worth about $24,353,000. Krane Funds Advisors LLC raised its position in TAL Education Group by 14.0% in the 3rd quarter. Krane Funds Advisors LLC now owns 17,771,371 shares of the company’s stock worth $161,897,000 after buying an additional 2,177,640 shares during the last quarter. National Bank of Canada FI purchased a new position in TAL Education Group in the 4th quarter worth about $22,144,000. Finally, WT Asset Management Ltd increased its position in shares of TAL Education Group by 108.7% during the 4th quarter. WT Asset Management Ltd now owns 3,501,979 shares of the company’s stock valued at $44,230,000 after purchasing an additional 1,824,094 shares during the last quarter. 37.79% of the stock is owned by hedge funds and other institutional investors.

TAL Education Group Company Profile

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.