TAL Education Group (NYSE:TAL) Stock Price Down 4.9% – Time to Sell?

TAL Education Group (NYSE:TAL)’s share price fell 4.9% during trading on Thursday . The stock traded as low as $9.62 and last traded at $9.63. 3,213,668 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 7,053,581 shares. The stock had previously closed at $10.13.

Analyst Ratings Changes

TAL has been the subject of several research analyst reports. Citigroup decreased their price objective on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a research note on Monday, August 5th. StockNews.com upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, TAL Education Group currently has a consensus rating of “Moderate Buy” and a consensus target price of $14.80.

TAL Education Group Stock Performance

The business has a 50-day simple moving average of $10.26 and a two-hundred day simple moving average of $10.33. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 92.09 and a beta of 0.04.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. The firm had revenue of $619.36 million during the quarter, compared to analysts’ expectations of $609.51 million. During the same period in the prior year, the company posted $0.06 earnings per share. Research analysts predict that TAL Education Group will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On TAL Education Group

Several institutional investors have recently modified their holdings of the company. TT International Asset Management LTD raised its position in shares of TAL Education Group by 12.7% during the 3rd quarter. TT International Asset Management LTD now owns 4,337,801 shares of the company’s stock worth $51,359,000 after purchasing an additional 487,957 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of TAL Education Group in the third quarter valued at $25,545,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of TAL Education Group during the third quarter valued at $1,723,000. XTX Topco Ltd acquired a new position in TAL Education Group in the 3rd quarter valued at about $233,000. Finally, National Bank of Canada FI lifted its holdings in TAL Education Group by 46.7% in the 3rd quarter. National Bank of Canada FI now owns 3,736,300 shares of the company’s stock valued at $44,238,000 after purchasing an additional 1,189,400 shares in the last quarter. Hedge funds and other institutional investors own 37.79% of the company’s stock.

TAL Education Group Company Profile

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.