ValuEngine downgraded shares of TAL Education Group (NYSE:TAL) from a hold rating to a sell rating in a research report report published on Friday morning.

Other research analysts have also recently issued research reports about the stock. Jefferies Group raised their target price on shares of TAL Education Group to $35.00 and gave the stock a buy rating in a report on Monday, August 28th. Bank of America restated a buy rating and issued a $40.30 target price (up previously from $29.10) on shares of TAL Education Group in a report on Monday, September 25th. Zacks Investment Research cut shares of TAL Education Group from a buy rating to a hold rating in a report on Tuesday, August 29th. Macquarie cut shares of TAL Education Group from an outperform rating to a neutral rating in a report on Friday, October 27th. Finally, Morgan Stanley initiated coverage on shares of TAL Education Group in a report on Friday, August 25th. They issued an overweight rating and a $37.00 target price on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. TAL Education Group currently has a consensus rating of Buy and a consensus price target of $31.16.

Shares of TAL Education Group (TAL) traded up $0.11 during trading on Friday, hitting $27.99. 2,614,341 shares of the stock traded hands, compared to its average volume of 4,430,957. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.14 and a quick ratio of 1.14. TAL Education Group has a 1 year low of $11.02 and a 1 year high of $36.16. The company has a market capitalization of $13,629.47, a PE ratio of 116.17, a price-to-earnings-growth ratio of 1.30 and a beta of 0.19.

TAL Education Group (NYSE:TAL) last issued its earnings results on Thursday, October 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). TAL Education Group had a return on equity of 30.59% and a net margin of 13.35%. The firm had revenue of $455.80 million during the quarter, compared to the consensus estimate of $441.18 million. The business’s revenue for the quarter was up 68.1% compared to the same quarter last year. analysts forecast that TAL Education Group will post 0.37 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. boosted its holdings in TAL Education Group by 530.5% in the third quarter. Baillie Gifford & Co. now owns 23,724,100 shares of the company’s stock valued at $799,739,000 after acquiring an additional 19,961,398 shares in the last quarter. Greenwoods Asset Management Ltd boosted its holdings in TAL Education Group by 474.7% in the third quarter. Greenwoods Asset Management Ltd now owns 6,626,686 shares of the company’s stock valued at $223,386,000 after acquiring an additional 5,473,555 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in TAL Education Group by 501.8% in the third quarter. Principal Financial Group Inc. now owns 4,816,308 shares of the company’s stock valued at $162,358,000 after acquiring an additional 4,015,962 shares in the last quarter. Thornburg Investment Management Inc. boosted its holdings in TAL Education Group by 1,386.4% in the third quarter. Thornburg Investment Management Inc. now owns 3,353,831 shares of the company’s stock valued at $113,058,000 after acquiring an additional 3,128,201 shares in the last quarter. Finally, TB Alternative Assets Ltd. boosted its holdings in TAL Education Group by 444.4% in the third quarter. TB Alternative Assets Ltd. now owns 2,836,432 shares of the company’s stock valued at $95,616,000 after acquiring an additional 2,315,385 shares in the last quarter. Institutional investors and hedge funds own 51.25% of the company’s stock.

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TAL Education Group Company Profile

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.

Analyst Recommendations for TAL Education Group (NYSE:TAL)

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