StockNews.com Upgrades TAL Education Group (NYSE:TAL) to “Hold”

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

TAL has been the subject of a number of other research reports. CICC Research cut TAL Education Group from an outperform rating to a market perform rating in a report on Monday, May 2nd. JPMorgan Chase & Co. upgraded TAL Education Group from an underweight rating to a neutral rating in a report on Monday, May 2nd. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold.

TAL Education Group Stock Down 3.1 %

NYSE TAL opened at $4.65 on Friday. TAL Education Group has a 12 month low of $1.60 and a 12 month high of $6.72. The company has a 50-day moving average of $4.64 and a 200-day moving average of $3.68.

TAL Education Group (NYSE:TALGet Rating) last posted its quarterly earnings data on Friday, July 29th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.05. On average, sell-side analysts forecast that TAL Education Group will post -0.46 EPS for the current year.

Hedge Funds Weigh In On TAL Education Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its holdings in TAL Education Group by 4.1% in the 1st quarter. BlackRock Inc. now owns 19,736,428 shares of the company’s stock worth $59,406,000 after acquiring an additional 780,929 shares during the period. Vanguard Group Inc. boosted its stake in shares of TAL Education Group by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 16,522,550 shares of the company’s stock valued at $49,733,000 after buying an additional 203,336 shares during the last quarter. FengHe Fund Management Pte. Ltd. purchased a new position in shares of TAL Education Group during the 1st quarter valued at approximately $48,979,000. Krane Funds Advisors LLC boosted its stake in shares of TAL Education Group by 38.1% during the 1st quarter. Krane Funds Advisors LLC now owns 15,297,468 shares of the company’s stock valued at $46,045,000 after buying an additional 4,220,959 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of TAL Education Group by 3.4% during the 1st quarter. Bank of America Corp DE now owns 11,396,785 shares of the company’s stock valued at $34,305,000 after buying an additional 369,994 shares during the last quarter. Hedge funds and other institutional investors own 43.75% of the company’s stock.

About TAL Education Group

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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.

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