Citigroup Downgrades TAL Education Group (NYSE:TAL) to Sell

TAL Education Group (NYSE:TAL) was downgraded by equities research analysts at Citigroup from a “neutral” rating to a “sell” rating in a report released on Friday, The Fly reports.

TAL has been the subject of several other reports. Zacks Investment Research cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a research note on Thursday, April 29th. The Goldman Sachs Group reduced their target price on shares of TAL Education Group from $80.00 to $53.00 and set a “buy” rating for the company in a research note on Tuesday, May 25th. Nomura restated a “neutral” rating and set a $68.00 price target on shares of TAL Education Group in a research note on Monday, April 26th. Benchmark reduced their price objective on TAL Education Group from $95.00 to $78.00 and set a “buy” rating for the company in a research report on Friday, April 23rd. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut TAL Education Group from a “neutral” rating to a “sell” rating in a research report on Friday. Four research analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $78.46.

TAL traded down $1.92 during trading on Friday, hitting $29.15. The stock had a trading volume of 235,845 shares, compared to its average volume of 7,201,375. The company has a current ratio of 2.42, a quick ratio of 2.41 and a debt-to-equity ratio of 0.44. TAL Education Group has a 12 month low of $25.25 and a 12 month high of $90.96. The company has a 50 day simple moving average of $50.10. The stock has a market capitalization of $18.80 billion, a price-to-earnings ratio of -154.32 and a beta of 0.07.

TAL Education Group (NYSE:TAL) last announced its earnings results on Thursday, April 22nd. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.18. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.20 billion. TAL Education Group had a negative return on equity of 3.13% and a negative net margin of 2.58%. The firm’s revenue for the quarter was up 58.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.10) EPS. As a group, research analysts forecast that TAL Education Group will post -0.02 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of TAL. Morgan Stanley grew its holdings in shares of TAL Education Group by 9.5% during the first quarter. Morgan Stanley now owns 59,547,935 shares of the company’s stock worth $3,206,655,000 after purchasing an additional 5,185,173 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in TAL Education Group by 7.4% in the 4th quarter. UBS Asset Management Americas Inc. now owns 58,795,227 shares of the company’s stock valued at $4,204,447,000 after acquiring an additional 4,072,633 shares in the last quarter. BlackRock Inc. raised its stake in shares of TAL Education Group by 0.6% in the first quarter. BlackRock Inc. now owns 19,652,819 shares of the company’s stock worth $1,058,304,000 after acquiring an additional 111,584 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of TAL Education Group by 42.2% during the first quarter. Franklin Resources Inc. now owns 5,747,787 shares of the company’s stock valued at $309,565,000 after purchasing an additional 1,705,532 shares during the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in shares of TAL Education Group by 1.6% in the first quarter. Artisan Partners Limited Partnership now owns 5,410,900 shares of the company’s stock valued at $291,377,000 after purchasing an additional 85,603 shares in the last quarter.

TAL Education Group Company Profile

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.

Read More: What is a good rate of return for a mutual fund?

The Fly logo

Analyst Recommendations for TAL Education Group (NYSE:TAL)

Receive News & Ratings for TAL Education Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAL Education Group and related companies with MarketBeat.com's FREE daily email newsletter.