TAL Education Group (NYSE:TAL) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of TAL Education Group (NYSE:TALGet Rating) from a sell rating to a hold rating in a report issued on Tuesday.

TAL has been the subject of several other reports. Zacks Investment Research upgraded shares of TAL Education Group from a sell rating to a buy rating and set a $2.75 price objective for the company in a report on Tuesday, March 8th. Daiwa Capital Markets raised TAL Education Group from a neutral rating to a buy rating in a research note on Wednesday, March 9th. Finally, Morgan Stanley raised TAL Education Group from an underweight rating to an overweight rating in a report on Monday, March 7th. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $33.30.

Shares of NYSE TAL opened at $3.10 on Tuesday. The company’s 50 day simple moving average is $3.03. TAL Education Group has a fifty-two week low of $1.60 and a fifty-two week high of $66.00.

TAL Education Group (NYSE:TALGet Rating) last released its quarterly earnings data on Monday, February 21st. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.17. The business had revenue of $1.02 billion during the quarter. Equities research analysts forecast that TAL Education Group will post -1.37 earnings per share for the current year.

A number of large investors have recently bought and sold shares of TAL. PNC Financial Services Group Inc. boosted its position in TAL Education Group by 367.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,524 shares of the company’s stock worth $32,000 after acquiring an additional 5,128 shares during the period. Signaturefd LLC boosted its holdings in shares of TAL Education Group by 151.2% during the third quarter. Signaturefd LLC now owns 6,868 shares of the company’s stock worth $33,000 after purchasing an additional 4,134 shares during the period. Intelligence Driven Advisers LLC purchased a new position in TAL Education Group during the fourth quarter valued at approximately $36,000. Stifel Financial Corp acquired a new position in TAL Education Group in the 4th quarter valued at approximately $39,000. Finally, Parallel Advisors LLC lifted its position in TAL Education Group by 48.1% in the 4th quarter. Parallel Advisors LLC now owns 11,263 shares of the company’s stock worth $44,000 after buying an additional 3,658 shares in the last quarter. 41.31% of the stock is currently owned by hedge funds and other institutional investors.

About TAL Education Group (Get Rating)

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.

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