TAL Education Group (NYSE:TAL) Sees Strong Trading Volume

TAL Education Group (NYSE:TAL – Get Rating) shares saw an uptick in trading volume on Friday . 303,394 shares were traded during mid-day trading, a decline of 97% from the previous session’s volume of 9,130,890 shares.The stock last traded at $4.84 and had previously closed at $4.81.

Several brokerages have recently issued reports on TAL. JPMorgan Chase & Co. raised TAL Education Group from an “underweight” rating to a “neutral” rating in a report on Monday, May 2nd. Morgan Stanley raised TAL Education Group from an “underweight” rating to an “overweight” rating in a report on Monday, March 7th. CICC Research cut TAL Education Group from an “outperform” rating to a “market perform” rating in a report on Monday, May 2nd. Daiwa Capital Markets raised TAL Education Group from a “neutral” rating to a “buy” rating in a report on Wednesday, March 9th. Finally, StockNews.com cut TAL Education Group from a “hold” rating to a “sell” rating in a report on Thursday, May 12th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, TAL Education Group presently has an average rating of “Hold” and a consensus price target of $13.82.

The business has a 50-day moving average price of $3.68 and a 200-day moving average price of $3.52.

TAL Education Group (NYSE:TAL – Get Rating) last posted its quarterly 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 firm had revenue of $541.15 million during the quarter, compared to analyst estimates of $440.41 million. Analysts forecast that TAL Education Group will post -0.41 EPS for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. Hsbc Holdings PLC grew its position in TAL Education Group by 0.4% in the first quarter. Hsbc Holdings PLC now owns 1,002,434 shares of the company’s stock worth $3,018,000 after acquiring an additional 3,648 shares during the period. Parallel Advisors LLC grew its position in TAL Education Group by 48.1% in the fourth quarter. Parallel Advisors LLC now owns 11,263 shares of the company’s stock worth $44,000 after acquiring an additional 3,658 shares during the period. Samalin Investment Counsel LLC grew its position in TAL Education Group by 10.0% in the first quarter. Samalin Investment Counsel LLC now owns 40,518 shares of the company’s stock worth $122,000 after acquiring an additional 3,700 shares during the period. Squarepoint Ops LLC grew its position in TAL Education Group by 8.9% in the fourth quarter. Squarepoint Ops LLC now owns 49,486 shares of the company’s stock worth $194,000 after acquiring an additional 4,050 shares during the period. Finally, Lindbrook Capital LLC grew its position in TAL Education Group by 99.0% in the first quarter. Lindbrook Capital LLC now owns 8,478 shares of the company’s stock worth $26,000 after acquiring an additional 4,218 shares during the period. Institutional investors own 43.75% of the company’s stock.

About TAL Education Group (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

• Get a free copy of the StockNews.com research report on TAL Education Group (TAL)
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