TAL Education Group (NYSE:TAL) shares were down 6.6% during mid-day trading on Thursday . The company traded as low as $19.85 and last traded at $19.93. Approximately 315,382 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 17,904,474 shares. The stock had previously closed at $21.33.
A number of research analysts recently weighed in on TAL shares. DBS Vickers lowered TAL Education Group to a “buy” rating and set a $21.00 target price on the stock. in a report on Friday, June 25th. Credit Suisse Group lowered shares of TAL Education Group from an “outperform” rating to an “underperform” rating in a research report on Monday, June 7th. Nomura reaffirmed a “neutral” rating and set a $68.00 target price on shares of TAL Education Group in a report on Monday, April 26th. HSBC cut shares of TAL Education Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $83.00 to $25.00 in a report on Friday, June 18th. Finally, Citigroup cut TAL Education Group from a “neutral” rating to a “sell” rating in a report on Friday, June 11th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. TAL Education Group currently has an average rating of “Hold” and an average price target of $67.50.
The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of -105.89 and a beta of 0.08. The company has a current ratio of 2.42, a quick ratio of 2.41 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $29.65.
Several institutional investors have recently bought and sold shares of the company. Eaton Vance Management increased its position in TAL Education Group by 3.4% during the 4th quarter. Eaton Vance Management now owns 6,647 shares of the company’s stock worth $475,000 after purchasing an additional 216 shares in the last quarter. Wealth Alliance grew its stake in shares of TAL Education Group by 3.9% during the first quarter. Wealth Alliance now owns 5,896 shares of the company’s stock worth $317,000 after buying an additional 221 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of TAL Education Group by 22.4% during the first quarter. Quadrant Capital Group LLC now owns 1,310 shares of the company’s stock worth $71,000 after buying an additional 240 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of TAL Education Group by 4.5% in the 1st quarter. Rockefeller Capital Management L.P. now owns 7,815 shares of the company’s stock valued at $420,000 after acquiring an additional 336 shares during the last quarter. Finally, Strategic Wealth Advisors Group LLC boosted its holdings in shares of TAL Education Group by 2.4% during the 1st quarter. Strategic Wealth Advisors Group LLC now owns 16,338 shares of the company’s stock valued at $880,000 after acquiring an additional 390 shares in the last quarter. 54.41% of the stock is owned by institutional investors.
About TAL Education Group (NYSE:TAL)
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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