TAL Education Group (TAL) Shares Gap Down to $38.97

TAL Education Group (NYSE:TAL) gapped down before the market opened on Monday . The stock had previously closed at $40.94, but opened at $38.97. TAL Education Group shares last traded at $37.58, with a volume of 3440528 shares trading hands.

A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised TAL Education Group from a “hold” rating to a “strong-buy” rating and set a $44.00 price target on the stock in a report on Tuesday, April 30th. Macquarie cut TAL Education Group from an “outperform” rating to a “neutral” rating in a report on Friday, April 12th. Daiwa Capital Markets raised TAL Education Group from a “neutral” rating to an “outperform” rating in a report on Friday, April 26th. Jefferies Financial Group cut TAL Education Group from a “buy” rating to a “hold” rating and cut their price target for the company from $37.00 to $33.00 in a report on Friday, April 26th. Finally, ValuEngine raised TAL Education Group from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.32.

The firm has a market cap of $22.09 billion, a price-to-earnings ratio of 61.61 and a beta of 0.13.

TAL Education Group (NYSE:TAL) last announced its earnings results on Thursday, April 25th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.06. TAL Education Group had a return on equity of 18.28% and a net margin of 14.33%. The firm had revenue of $726.60 million for the quarter, compared to analysts’ expectations of $685.64 million. During the same quarter in the previous year, the company earned $0.14 earnings per share. The firm’s quarterly revenue was up 44.1% compared to the same quarter last year. Sell-side analysts expect that TAL Education Group will post 0.7 EPS for the current year.

Large investors have recently made changes to their positions in the stock. Jump Trading LLC bought a new stake in TAL Education Group during the fourth quarter worth approximately $433,000. Macquarie Group Ltd. raised its holdings in TAL Education Group by 22.1% during the third quarter. Macquarie Group Ltd. now owns 31,500 shares of the company’s stock worth $810,000 after purchasing an additional 5,700 shares in the last quarter. Brookstone Capital Management raised its holdings in TAL Education Group by 20.5% during the first quarter. Brookstone Capital Management now owns 11,433 shares of the company’s stock worth $413,000 after purchasing an additional 1,948 shares in the last quarter. Legal & General Group Plc raised its holdings in TAL Education Group by 26.8% during the fourth quarter. Legal & General Group Plc now owns 2,057,903 shares of the company’s stock worth $54,905,000 after purchasing an additional 435,420 shares in the last quarter. Finally, DNB Asset Management AS raised its holdings in TAL Education Group by 56.5% during the fourth quarter. DNB Asset Management AS now owns 623,962 shares of the company’s stock worth $16,647,000 after purchasing an additional 225,362 shares in the last quarter. 58.92% of the stock is currently owned by hedge funds and other institutional investors.

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About TAL Education Group (NYSE:TAL)

TAL Education Group 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. The company also provides tutoring services primarily through small classes under the Xueersi, Mobby, and Firstleap brand names; personalized premium services under Izhikang name; and online courses.

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