TAL Education Group (NYSE:TAL) Downgraded by StockNews.com to “Sell”

TAL Education Group (NYSE:TAL) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

Separately, HSBC started coverage on shares of TAL Education Group in a research report on Wednesday, May 29th. They issued a “buy” rating and a $16.00 target price for the company. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $13.28.

TAL Education Group Stock Performance

NYSE:TAL traded up $0.22 on Thursday, hitting $10.68. The stock had a trading volume of 3,547,615 shares, compared to its average volume of 6,720,344. The stock has a market cap of $6.46 billion, a P/E ratio of -1,066.93 and a beta of 0.01. TAL Education Group has a 1 year low of $5.99 and a 1 year high of $15.52. The firm’s fifty day simple moving average is $11.58 and its two-hundred day simple moving average is $12.04.

TAL Education Group (NYSE:TAL) last announced its earnings results on Thursday, April 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.10. TAL Education Group had a negative net margin of 0.24% and a negative return on equity of 0.10%. The company had revenue of $429.56 million during the quarter, compared to analyst estimates of $389.03 million. Equities research analysts predict that TAL Education Group will post 0.06 EPS for the current year.

Institutional Trading of TAL Education Group

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its stake in TAL Education Group by 1,375.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock worth $28,000 after purchasing an additional 2,173 shares during the last quarter. Beck Bode LLC bought a new position in shares of TAL Education Group during the first quarter valued at about $2,908,000. Virtu Financial LLC bought a new position in shares of TAL Education Group during the first quarter valued at about $806,000. California State Teachers Retirement System raised its stake in shares of TAL Education Group by 2.4% during the first quarter. California State Teachers Retirement System now owns 98,417 shares of the company’s stock valued at $1,117,000 after acquiring an additional 2,315 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of TAL Education Group by 5,442.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 825,853 shares of the company’s stock valued at $9,374,000 after acquiring an additional 810,953 shares during the last quarter. 37.79% of the stock is owned by institutional investors.

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.