TAL Education Group (NYSE:TAL) Shares Gap Up to $10.80

TAL Education Group (NYSE:TAL) shares gapped up before the market opened on Monday . The stock had previously closed at $10.80, but opened at $12.28. TAL Education Group shares last traded at $12.66, with a volume of 7,260,399 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Citigroup dropped their price objective on TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a research note on Monday, August 5th. StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, August 5th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $13.30.

TAL Education Group Stock Up 12.7 %

The business’s 50-day moving average price is $8.78 and its 200-day moving average price is $10.59. The firm has a market capitalization of $7.36 billion, a PE ratio of -1,215.78 and a beta of 0.02.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.08. The firm had revenue of $414.19 million during the quarter, compared to the consensus estimate of $392.39 million. TAL Education Group had a return on equity of 1.46% and a net margin of 3.24%. During the same quarter in the previous year, the company posted ($0.07) EPS. On average, analysts anticipate that TAL Education Group will post 0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On TAL Education Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of TAL Education Group by 8.3% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,209,800 shares of the company’s stock worth $44,919,000 after purchasing an additional 321,000 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in TAL Education Group during the 2nd quarter valued at $17,476,000. Driehaus Capital Management LLC bought a new stake in TAL Education Group during the 2nd quarter valued at approximately $1,407,000. SIH Partners LLLP bought a new stake in shares of TAL Education Group in the 2nd quarter worth approximately $313,000. Finally, Scientech Research LLC purchased a new stake in shares of TAL Education Group in the 2nd quarter worth $834,000. 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.