TAL Education Group Receives Upgrade from StockNews.com

TAL Education Group (NYSE:TAL) has recently seen a positive shift in its stock rating by StockNews.com, which upgraded its position from a "sell" rating to a more favorable "hold" rating as detailed in a report released on Friday.

Additionally, UBS Group has provided fresh insights by raising its price target for TAL Education Group from $16.40 to $17.20. They have also classified the stock as a "buy" in a research note published on the same day. Currently, one research analyst maintains a hold rating, while four analysts have issued buy recommendations for the stock. According to data from MarketBeat.com, TAL Education Group enjoys an average rating of "Moderate Buy" and has an average price target set at $15.40.

TAL Education Group Stock Performance

In midday trading on Friday, TAL shares gained $0.65, bringing the price to $11.72. During the session, a total of 13,372,404 shares exchanged hands, which is significantly higher than its average trading volume of 8,462,824 shares. The stock's 50-day moving average stands at $9.92, while the 200-day moving average is $9.80. Currently, TAL Education Group has a market capitalization of $7.09 billion, a price-to-earnings (PE) ratio of 106.50, and a beta of -0.01. Over the past year, the stock has recorded a low of $7.34 and a high of $15.52.

On October 24, TAL Education Group reported its quarterly earnings, revealing an earnings per share (EPS) of $0.12, exceeding the consensus estimate of $0.09 by $0.03. The company’s return on equity is 1.97%, and it has achieved a net margin of 3.94%. In terms of revenue, the company reported $619.36 million for the quarter, which is above the expected $609.51 million. This marks an improvement from the previous year when the EPS was $0.06. Analysts predict that TAL Education Group will report an EPS of 0.17 for the current fiscal year.

Institutional Investors and Their Impact on TAL Education Group

Recently, various hedge funds and institutional investors have engaged in buying and selling shares of TAL Education Group. Point72 DIFC Ltd, for example, acquired a new position valued at $48,000 in the third quarter. EverSource Wealth Advisors LLC has increased its stake by 93.8% during the second quarter, now holding 4,517 shares valued at $45,000 after acquiring an additional 2,186 shares. Blue Trust Inc. heightened its investment in TAL Education Group by 134.2% in the third quarter, currently owning 7,685 shares worth $91,000. DRW Securities LLC also purchased a new position valued at approximately $128,000 during the same quarter. Furthermore, Point72 Asia Singapore Pte. Ltd. made a remarkable increase of 1,298,400.0% in its position, now owning 12,985 shares after buying an additional 12,984 shares recently. Institutional investors currently hold 37.79% of TAL Education Group's stock.

Overview of TAL Education Group

TAL Education Group focuses on providing after-school tutoring services for K-12 students in the People's Republic of China. Its offerings primarily include small-class services, personalized premium services, and various learning content solutions, which encompass print books, smart books, mobile applications, and AI-driven learning devices.

TAL, Education, Stock