TAL Education Group (NYSE:TAL) Shares Gap Up to $8.52

TAL Education Group (NYSE:TAL – Get Rating)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $8.52, but opened at $8.79. TAL Education Group shares last traded at $8.54, with a volume of 25,037 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TAL. Bank of America upgraded shares of TAL Education Group from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $4.30 to $4.70 in a research note on Monday, October 31st. StockNews.com lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a research note on Friday. CICC Research upgraded shares of TAL Education Group from a “market perform” rating to an “outperform” rating in a research note on Monday, October 31st. Finally, UBS Group upgraded shares of TAL Education Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $4.94 to $6.50 in a research note on Thursday, November 3rd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, TAL Education Group has a consensus rating of “Hold” and a consensus target price of $5.60.

TAL Education Group Price Performance

The business’s 50 day moving average price is $6.77 and its 200 day moving average price is $5.49. The stock has a market capitalization of $5.57 billion, a P/E ratio of -22.15 and a beta of -0.10.

Institutional Trading of TAL Education Group

A number of large investors have recently made changes to their positions in TAL. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of TAL Education Group by 135.4% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 244,990 shares of the company’s stock worth $779,000 after acquiring an additional 140,916 shares during the period. JPMorgan Chase & Co. grew its stake in shares of TAL Education Group by 50.3% in the first quarter. JPMorgan Chase & Co. now owns 1,250,049 shares of the company’s stock worth $3,762,000 after acquiring an additional 418,100 shares during the period. Acadian Asset Management LLC bought a new stake in shares of TAL Education Group in the first quarter worth approximately $140,000. Panagora Asset Management Inc. grew its stake in shares of TAL Education Group by 10.8% in the first quarter. Panagora Asset Management Inc. now owns 86,028 shares of the company’s stock worth $259,000 after acquiring an additional 8,396 shares during the period. Finally, BlackRock Inc. grew its position in TAL Education Group by 4.1% during the first quarter. BlackRock Inc. now owns 19,736,428 shares of the company’s stock valued at $59,406,000 after buying an additional 780,929 shares during the period. 39.71% of the stock is currently owned by institutional investors.

TAL Education Group Company Profile

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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.