TAL Education Group Stock Upgrade by StockNews.com

TAL Education Group (NYSE:TAL) received a notable upgrade from StockNews.com, which shifted its rating from "sell" to "hold" in a report released on Friday.

Alongside this upgrade, UBS Group has also increased its price target for TAL Education Group from $16.40 to $17.20, giving the stock a "buy" rating. Overall, currently, one analyst has issued a hold rating while four analysts have rated the stock as a buy. According to data from MarketBeat.com, TAL Education Group holds an average rating of "Moderate Buy" with a price target average of $15.40.

Performance Overview of TAL Education Group Stock

During midday trading on Friday, TAL Education Group shares rose by $0.65, reaching a price of $11.72. A total of 13,372,404 shares changed hands, which is significantly higher than the average trading volume of 8,462,824 shares. The company's current 50-day moving average price stands at $9.92, while its 200-day moving average price is $9.80. TAL Education Group has a market capitalization of $7.09 billion, a P/E ratio of 106.50, and a beta value of -0.01. The stock has experienced a range over the past year, with a low of $7.34 and a high of $15.52.

The last quarterly earnings report for TAL Education Group was announced on October 24, showing earnings per share (EPS) of $0.12, which exceeded the consensus estimate of $0.09 by $0.03. The firm's return on equity was reported at 1.97%, with a net margin of 3.94%. The revenue for this quarter reached $619.36 million, surpassing the consensus estimate of $609.51 million. In comparison to the same quarter last year, the EPS increased from $0.06. Analysts predict that TAL Education Group will achieve an EPS of 0.17 for the current fiscal year.

Institutional Investments in TAL Education Group

Recent activity shows that several hedge funds and institutional investors have been buying and selling shares of TAL Education Group. For example, Point72 DIFC Ltd acquired a new stake valued at $48,000 in the third quarter. EverSource Wealth Advisors LLC notably increased its position by 93.8% during the second quarter, acquiring 4,517 shares valued at $45,000 after purchasing an additional 2,186 shares. Additionally, Blue Trust Inc. raised its stake by 134.2% in the third quarter, now holding 7,685 shares worth $91,000 after adding 4,403 shares. DRW Securities LLC also purchased a new position valued at approximately $128,000 in the third quarter. Finally, Point72 Asia Singapore Pte. Ltd. made a notable increase, amassing a position worth $154,000 by acquiring 12,985 shares. Currently, institutional investors own 37.79% of the company's stock.

About TAL Education Group

TAL Education Group specializes in providing K-12 after-school tutoring services within the People's Republic of China. Their offerings predominantly include small-class services, personalized premium education, and learning solutions such as print books, smart books, mobile applications, and AI-driven learning devices.

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