TAL Education Group (NYSE:TAL) Stock Rating Lowered by StockNews.com

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

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

TAL Education Group Stock Performance

Shares of NYSE:TAL opened at $10.81 on Thursday. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of -1,079.92 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 company’s fifty day moving average is $11.49 and its two-hundred day moving average is $12.02.

TAL Education Group (NYSE:TAL) last issued its earnings results on Thursday, April 25th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.10. The company had revenue of $429.56 million for the quarter, compared to analysts’ expectations of $389.03 million. TAL Education Group had a negative net margin of 0.24% and a negative return on equity of 0.10%. Sell-side analysts expect that TAL Education Group will post 0.06 EPS for the current fiscal year.

Hedge Funds Weigh In On TAL Education Group

A number of institutional investors and hedge funds have recently bought and sold shares of TAL. EverSource Wealth Advisors LLC grew its position in TAL Education Group by 1,375.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock valued at $28,000 after buying an additional 2,173 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of TAL Education Group by 50.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,550 shares of the company’s stock valued at $45,000 after purchasing an additional 1,191 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of TAL Education Group during the 1st quarter valued at about $47,000. IPG Investment Advisors LLC bought a new position in shares of TAL Education Group during the 4th quarter valued at about $126,000. Finally, New York State Common Retirement Fund boosted its position in shares of TAL Education Group by 668.6% during the 4th quarter. New York State Common Retirement Fund now owns 12,298 shares of the company’s stock valued at $155,000 after purchasing an additional 10,698 shares in the last quarter. Institutional investors own 37.79% of the company’s stock.

About TAL Education Group

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.