TAL Education Group (NYSE:TAL) Stock Gets Downgrade from Wall Street Zen

TAL Education Group (NYSE:TAL) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

Other equities analysts have also issued reports about the company. Weiss Ratings upgraded TAL Education Group from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Zacks Research raised TAL Education Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 6th. New Street Research set a $13.60 price target on TAL Education Group in a report on Friday, July 31st. Finally, Jefferies Financial Group started coverage on TAL Education Group in a report on Friday, July 31st. They issued a “hold” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $14.80.

TAL Education Group Stock Up 0.7%

NYSE TAL opened at $10.24 on Friday. TAL Education Group has a fifty-two week low of $8.88 and a fifty-two week high of $13.37. The stock has a market cap of $5.68 billion, a price-to-earnings ratio of 6.32, a price-to-earnings-growth ratio of 0.59 and a beta of 0.09. The business has a fifty day moving average of $11.88 and a 200-day moving average of $11.13.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.46. TAL Education Group had a return on equity of 24.55% and a net margin of 28.43%. The business had revenue of $758.38 million for the quarter, compared to the consensus estimate of $719.40 million. As a group, analysts anticipate that TAL Education Group will post 1.26 EPS for the current year.

Insider Activity

In other news, insider Alex Peng sold 30,000 shares of the business’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $12.28, for a total transaction of $368,400.00. Following the completion of the sale, the insider directly owned 15,144 shares of the company’s stock, valued at $185,968.32. The trade was a 66.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.81% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in TAL Education Group by 53.9% during the third quarter. Farther Finance Advisors LLC now owns 2,396 shares of the company’s stock valued at $29,000 after acquiring an additional 839 shares during the period. State of Wyoming raised its holdings in shares of TAL Education Group by 11.1% in the 1st quarter. State of Wyoming now owns 21,610 shares of the company’s stock worth $246,000 after purchasing an additional 2,160 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of TAL Education Group by 13.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 18,878 shares of the company’s stock valued at $215,000 after purchasing an additional 2,185 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of TAL Education Group by 6.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 58,334 shares of the company’s stock valued at $663,000 after purchasing an additional 3,374 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new position in shares of TAL Education Group in the 1st quarter valued at about $50,000. 37.79% of the stock is owned by hedge funds and other institutional investors.

TAL Education Group Company Profile

TAL Education Group is a Chinese education services provider that offers learning programs, educational content and related services for students. Its offerings have included tutoring and enrichment programs in subjects such as mathematics, science, Chinese and English, along with online learning tools, educational technology and other products designed to support students, parents and teachers.

The company was founded in 2003 as Xueersi and later adopted the name TAL Education Group. It historically operated a network of learning centers and online platforms serving students in China, with a focus on primary and secondary education.