TAL Education Group (NYSE:TAL) Stock Price Up 3.5% – Still a Buy?

Shares of TAL Education Group (NYSE:TAL) rose 3.5% during trading on Wednesday . The company traded as high as $9.40 and last traded at $9.36. Approximately 1,049,922 shares traded hands during trading, a decline of 77% from the average daily volume of 4,485,868 shares. The stock had previously closed at $9.04.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, TAL Education Group has a consensus rating of “Moderate Buy” and a consensus price target of $14.80.

TAL Education Group Stock Performance

The company has a market cap of $5.78 billion, a P/E ratio of 86.91 and a beta of -0.01. The stock has a 50-day simple moving average of $10.21 and a 200 day simple moving average of $9.88.

TAL Education Group (NYSE:TAL) last issued its earnings results on Thursday, October 24th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $619.36 million during 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 period last year, the business earned $0.06 earnings per share. Sell-side analysts anticipate that TAL Education Group will post 0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TAL. The Manufacturers Life Insurance Company grew its stake in TAL Education Group by 20.4% during the second quarter. The Manufacturers Life Insurance Company now owns 4,187,028 shares of the company’s stock worth $44,676,000 after buying an additional 709,845 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in TAL Education Group during the 2nd quarter worth approximately $17,476,000. Driehaus Capital Management LLC acquired a new stake in TAL Education Group during the 2nd quarter valued at $1,407,000. Scientech Research LLC bought a new position in TAL Education Group in the 2nd quarter valued at $834,000. Finally, EverSource Wealth Advisors LLC boosted its stake in TAL Education Group by 93.8% in the second quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock worth $45,000 after purchasing an additional 2,186 shares in the last quarter. Institutional investors and hedge funds own 37.79% of the company’s stock.

TAL Education Group Company Profile

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.