StockNews.com upgraded shares of TAL Education Group (NYSE:TAL – Get Rating) from a sell rating to a hold rating in a research report sent to investors on Wednesday.
A number of other brokerages have also recently issued reports on TAL. CICC Research cut shares of TAL Education Group from an outperform rating to a market perform rating in a research report on Monday, May 2nd. JPMorgan Chase & Co. raised shares of TAL Education Group from an underweight rating to a neutral rating in a research report on Monday, May 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold.
TAL Education Group Stock Performance
Shares of TAL opened at $5.19 on Wednesday. The company has a 50-day moving average of $4.52 and a two-hundred day moving average of $3.61. TAL Education Group has a 12-month low of $1.60 and a 12-month high of $6.76.
TAL Education Group (NYSE:TAL – Get Rating) last announced its earnings results on Friday, April 29th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.05). The business had revenue of $541.15 million for the quarter, compared to the consensus estimate of $440.41 million. On average, equities research analysts expect that TAL Education Group will post -0.46 earnings per share for the current year.
Hedge Funds Weigh In On TAL Education Group
Institutional investors have recently modified their holdings of the company. OneAscent Wealth Management LLC acquired a new position in shares of TAL Education Group in the fourth quarter valued at approximately $58,000. OneAscent Financial Services LLC acquired a new position in TAL Education Group during the fourth quarter worth approximately $44,000. Yunqi Capital Ltd acquired a new position in TAL Education Group during the fourth quarter worth approximately $6,064,000. West Family Investments Inc. acquired a new position in TAL Education Group during the fourth quarter worth approximately $75,000. Finally, E Fund Management Hong Kong Co. Ltd. acquired a new position in TAL Education Group during the fourth quarter worth approximately $409,000. Institutional investors and hedge funds own 43.75% 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. 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.
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Source: defenseworld.net
