TAL Education Group (NYSE:TAL) Stock Price Down 6.6%

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.

TAL Education Group (NYSE:TAL) last issued its earnings results on Thursday, April 22nd. The company reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.18. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.20 billion. TAL Education Group had a negative net margin of 2.58% and a negative return on equity of 3.13%. The business’s revenue for the quarter was up 58.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.10) EPS. On average, research analysts predict that TAL Education Group will post -0.01 earnings per share for the current fiscal year.

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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