TAL Education Group (NYSE:TAL) Stock Price Down 3.6%

TAL Education Group (NYSE:TAL)’s stock price dropped 3.6% on Friday . The stock traded as low as $7.38 and last traded at $7.45. Approximately 438,626 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 6,409,975 shares. The stock had previously closed at $7.73.

Wall Street Analyst Weigh In

Several research firms recently issued reports on TAL. StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Monday, August 5th. HSBC assumed coverage on TAL Education Group in a report on Wednesday, May 29th. They issued a “buy” rating and a $16.00 price target for the company. Finally, Citigroup cut their price objective on TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a research report on Monday, August 5th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $13.30.

TAL Education Group Stock Performance

The firm has a market cap of $4.49 billion, a price-to-earnings ratio of -742.26 and a beta of 0.02. The business has a fifty day moving average of $9.15 and a two-hundred day moving average of $10.93.

TAL Education Group (NYSE:TAL) last posted its earnings results on Thursday, August 1st. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.08. TAL Education Group had a return on equity of 1.46% and a net margin of 3.24%. The company had revenue of $414.19 million for the quarter, compared to analyst estimates of $392.39 million. During the same quarter in the prior year, the company earned ($0.07) earnings per share. On average, equities research analysts forecast that TAL Education Group will post 0.1 earnings per share for the current year.

Institutional Trading of TAL Education Group

Several institutional investors and hedge funds have recently modified their holdings of TAL. New York State Common Retirement Fund raised 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 worth $155,000 after purchasing an additional 10,698 shares during the last quarter. Jump Financial LLC acquired a new position in shares of TAL Education Group in the fourth quarter worth $490,000. Norges Bank purchased a new stake in shares of TAL Education Group in the fourth quarter valued at $8,632,000. UBS Group AG boosted its stake in shares of TAL Education Group by 5.3% during the fourth quarter. UBS Group AG now owns 3,981,895 shares of the company’s stock valued at $50,291,000 after acquiring an additional 200,331 shares during the last quarter. Finally, IPG Investment Advisors LLC acquired a new position in TAL Education Group in the 4th quarter valued at about $126,000. 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.