TAL Education Group (TAL) Shares Gap Up to $29.72

TAL Education Group (NYSE:TAL) gapped up before the market opened on Wednesday . The stock had previously closed at $30.49, but opened at $29.72. TAL Education Group shares last traded at $29.72, with a volume of 7954048 shares.

A number of equities research analysts have issued reports on the stock. Bank of America reiterated a “buy” rating and set a $40.30 price objective (up from $29.10) on shares of TAL Education Group in a research note on Monday, September 25th. Zacks Investment Research downgraded shares of TAL Education Group from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Deutsche Bank assumed coverage on shares of TAL Education Group in a research note on Thursday, January 4th. They set a “buy” rating and a $35.00 price objective on the stock. ValuEngine downgraded shares of TAL Education Group from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, Macquarie downgraded shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. TAL Education Group currently has an average rating of “Hold” and a consensus target price of $31.55.

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market capitalization of $14,840.00, a P/E ratio of 118.88, a price-to-earnings-growth ratio of 1.53 and a beta of 0.19.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). TAL Education Group had a net margin of 9.90% and a return on equity of 18.17%. The company had revenue of $455.80 million during the quarter, compared to analyst estimates of $441.18 million. The business’s quarterly revenue was up 68.1% on a year-over-year basis. research analysts forecast that TAL Education Group will post 0.35 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. acquired a new stake in shares of TAL Education Group in the 2nd quarter valued at approximately $153,000. Tower Research Capital LLC TRC acquired a new stake in shares of TAL Education Group in the 2nd quarter valued at approximately $154,000. QS Investors LLC acquired a new stake in shares of TAL Education Group in the 2nd quarter valued at approximately $208,000. AJO LP bought a new position in TAL Education Group in the 2nd quarter valued at approximately $281,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in TAL Education Group in the 2nd quarter valued at approximately $293,000. Institutional investors own 51.32% of the company’s stock.

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About TAL Education Group

TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.

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