TAL Education Group (TAL) Trading Down 6.6%

TAL Education Group (NYSE:TAL)’s share price fell 6.6% during trading on Tuesday . The stock traded as low as $32.42 and last traded at $33.68. 8,752,500 shares were traded during trading, an increase of 110% from the average session volume of 4,166,303 shares. The stock had previously closed at $36.06.

Several research firms recently commented on TAL. Zacks Investment Research upgraded TAL Education Group from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Tuesday, January 29th. ValuEngine upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. TheStreet upgraded TAL Education Group from a “c+” rating to a “b-” rating in a research report on Friday, January 25th. Macquarie set a $32.00 target price on TAL Education Group and gave the stock a “buy” rating in a research report on Tuesday, January 15th. Finally, Citigroup upgraded TAL Education Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 9th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $41.20.

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The firm has a market capitalization of $19.90 billion, a PE ratio of 99.06 and a beta of 0.06.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, January 24th. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.16. TAL Education Group had a return on equity of 18.88% and a net margin of 14.40%. The firm had revenue of $585.99 million during the quarter, compared to analysts’ expectations of $573.90 million. During the same period in the prior year, the business earned $0.09 EPS. The company’s revenue for the quarter was up 35.2% compared to the same quarter last year. As a group, analysts anticipate that TAL Education Group will post 0.55 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of TAL. Commonwealth Bank of Australia boosted its holdings in shares of TAL Education Group by 66.7% in the 4th quarter. Commonwealth Bank of Australia now owns 1,000 shares of the company’s stock worth $26,000 after purchasing an additional 400 shares in the last quarter. Csenge Advisory Group purchased a new position in shares of TAL Education Group in the 3rd quarter worth about $27,000. Bremer Trust National Association purchased a new position in shares of TAL Education Group in the 4th quarter worth about $33,000. Lavaca Capital LLC purchased a new position in shares of TAL Education Group in the 4th quarter worth about $58,000. Finally, Quadrant Capital Group LLC boosted its holdings in shares of TAL Education Group by 246.9% in the 4th quarter. Quadrant Capital Group LLC now owns 3,309 shares of the company’s stock worth $86,000 after purchasing an additional 2,355 shares in the last quarter. Hedge funds and other institutional investors own 55.44% of the company’s stock.

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About TAL Education Group (NYSE:TAL)

TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It 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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