4. QUALITY EDUCATION

TAL Education Group (NYSE:TAL) Trading Up 12.1% – Defense World

Written by Amanda

TAL Education Group (NYSE:TALGet Rating)’s stock price was up 12.1% during mid-day trading on Thursday . The company traded as high as $5.38 and last traded at $5.29. Approximately 138,155 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 9,160,394 shares. The stock had previously closed at $4.72.

A number of analysts have recently issued reports on TAL shares. CICC Research lowered TAL Education Group from an “outperform” rating to a “market perform” rating in a research note on Monday, May 2nd. Daiwa Capital Markets raised TAL Education Group from a “neutral” rating to a “buy” rating in a research note on Wednesday, March 9th. Morgan Stanley raised TAL Education Group from an “underweight” rating to an “overweight” rating in a research note on Monday, March 7th. StockNews.com lowered TAL Education Group from a “hold” rating to a “sell” rating in a research note on Thursday, May 12th. Finally, JPMorgan Chase & Co. upgraded TAL Education Group from an “underweight” rating to a “neutral” rating in a report on Monday, May 2nd. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.03.

The business has a 50-day simple moving average of $3.88 and a two-hundred day simple moving average of $3.52.

TAL Education Group (NYSE:TALGet Rating) last posted its quarterly earnings data on Friday, April 29th. The company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The business had revenue of $541.15 million during the quarter, compared to the consensus estimate of $440.41 million. On average, research analysts predict that TAL Education Group will post -0.41 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of TAL Education Group by 3.4% during the 1st quarter. Bank of America Corp DE now owns 11,396,785 shares of the company’s stock worth $34,305,000 after buying an additional 369,994 shares in the last quarter. Virtu Financial LLC purchased a new position in TAL Education Group during the first quarter worth $159,000. Wetherby Asset Management Inc. boosted its holdings in shares of TAL Education Group by 43.8% during the first quarter. Wetherby Asset Management Inc. now owns 39,579 shares of the company’s stock worth $119,000 after purchasing an additional 12,046 shares during the last quarter. Samalin Investment Counsel LLC boosted its holdings in shares of TAL Education Group by 10.0% during the first quarter. Samalin Investment Counsel LLC now owns 40,518 shares of the company’s stock worth $122,000 after purchasing an additional 3,700 shares during the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of TAL Education Group by 184.8% during the first quarter. Invesco Ltd. now owns 1,142,268 shares of the company’s stock worth $3,438,000 after purchasing an additional 741,189 shares during the last quarter. 43.75% of the stock is owned by institutional investors and hedge funds.

TAL Education Group Company Profile (NYSE:TAL)

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.

Further Reading

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Source: defenseworld.net

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai