TAL Education Group Stock Rating Upgrade by StockNews.com

TAL Education Group (NYSE:TAL) received an upgrade from StockNews.com, which raised its rating from "sell" to "hold" in a report published on Friday. This adjustment indicates a shift in analyst sentiment regarding the stock's future performance.

In a related note, UBS Group also revised its price target for TAL Education Group, increasing it from $16.40 to $17.20 while maintaining a "buy" rating. Currently, the stock has one hold rating and four buy ratings from various research analysts, which suggests a positive outlook among a majority of them. According to data from MarketBeat.com, TAL Education Group holds an average rating of "Moderate Buy" and an estimated average price target of $15.40.

TAL Education Group Stock Performance

On Friday, TAL Education Group shares rose by $0.65 during midday trading, reaching a price of $11.72. The trading volume was significant, with approximately 13,372,404 shares changing hands, compared to the average volume of 8,462,824 shares. The company's stock price is supported by its 50-day moving average of $9.92 and a 200-day moving average of $9.80. With a market capitalization of $7.09 billion, the company has a price-to-earnings ratio of 106.50 and a beta value of -0.01. Over the past year, the stock has fluctuated between a low of $7.34 and a high of $15.52.

Recently, TAL Education Group released its quarterly earnings data, revealing earnings per share (EPS) of $0.12, surpassing the consensus estimate of $0.09 by $0.03. The company reported a return on equity of 1.97% and a net margin of 3.94%. Revenue for the quarter totaled $619.36 million, exceeding the expected figure of $609.51 million. In the same quarter last year, the firm had an EPS of $0.06. Looking ahead, analysts predict that TAL Education Group will achieve an EPS of 0.17 for the current fiscal year.

Institutional Investors Activity

There has been notable activity from institutional investors in TAL Education Group shares recently. Point72 DIFC Ltd established a new position in the company during the third quarter, worth $48,000. EverSource Wealth Advisors LLC significantly increased its stake in the second quarter by 93.8%, owning 4,517 shares valued at $45,000 after an additional purchase of 2,186 shares. Blue Trust Inc. raised its stake by 134.2% in the third quarter, now owning 7,685 shares valued at $91,000 after acquiring 4,403 additional shares. DRW Securities LLC also made a new purchase in the third quarter, amounting to approximately $128,000. Additionally, Point72 Asia Singapore Pte. Ltd. dramatically increased its position by 1,298,400.0% during the same quarter. Currently, 37.79% of TAL's shares are owned by institutional investors.

About TAL Education Group

TAL Education Group specializes in providing K-12 after-school tutoring services in the People’s Republic of China. The company offers a variety of educational services, including small-class instruction, personalized premium services, and learning resources such as print books, mobile apps, smart books, and AI-driven educational tools.

Additional Information

Investors may want to consider various factors before deciding to invest in TAL Education Group. As Wall Street analysts continuously evaluate stocks, it is essential to stay informed about market trends and expert recommendations. While TAL Education Group currently boasts an average "buy" rating among analysts, they also highlight several other stocks with better growth potential.

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