TAL Education Group (NYSE:TAL) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of TAL Education Group (NYSE:TAL) from a buy rating to a hold rating in a report published on Thursday, December 28th.

According to Zacks, “TAL Education Group provides K-12 after-school tutoring service in China. It offers tutoring services to K-12 students covering academic subjects, including mathematics, English, Chinese, physics, chemistry and biology. The Company delivers its tutoring services through small classes, personalized premium services i.e. one-on-one tutoring and online course offerings. Its extensive network consists of learning centers and service centers in Beijing, Shanghai, Shenzhen, Guangzhou, Tianjin and Wuhan, as well as the Company’s online platform. TAL Education Group is headquartered in Beijing, the People’s Republic of China. “

A number of other analysts also recently issued reports on TAL. ValuEngine downgraded shares of TAL Education Group from a hold rating to a sell rating in a report on Friday, December 1st. Macquarie downgraded shares of TAL Education Group from an outperform rating to a neutral rating in a report on Friday, October 27th. Finally, Bank of America reiterated 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. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $31.55.

TAL Education Group (NYSE:TAL) opened at $31.08 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.32. TAL Education Group has a 12 month low of $12.34 and a 12 month high of $36.16. The firm has a market cap of $15,520.00, a P/E ratio of 124.32, a price-to-earnings-growth ratio of 1.59 and a beta of 0.19.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, October 26th. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.02). The business had revenue of $455.80 million during the quarter, compared to analysts’ expectations of $441.18 million. TAL Education Group had a return on equity of 18.17% and a net margin of 9.90%. TAL Education Group’s revenue for the quarter was up 68.1% on a year-over-year basis. sell-side analysts predict that TAL Education Group will post 0.35 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Baillie Gifford & Co. raised its holdings in shares of 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 buying an additional 19,961,398 shares during the last quarter. Greenwoods Asset Management Ltd raised its holdings in shares of 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 buying an additional 5,473,555 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of 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 buying an additional 4,015,962 shares during the last quarter. Thornburg Investment Management Inc. raised its holdings in shares of 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 buying an additional 3,128,201 shares during the last quarter. Finally, TB Alternative Assets Ltd. increased its stake in shares of TAL Education Group by 444.4% during the third quarter. TB Alternative Assets Ltd. now owns 2,836,432 shares of the company’s stock worth $95,616,000 after acquiring an additional 2,315,385 shares during the period. 51.22% of the stock is owned by hedge funds and other institutional investors.

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About TAL Education Group

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.

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