TAL Education Group (NYSE:TAL) was down 5% during mid-day trading on Friday . The stock traded as low as $27.02 and last traded at $27.27. Approximately 3,410,773 shares traded hands during trading, a decline of 38% from the average daily volume of 5,506,231 shares. The stock had previously closed at $28.72.
Several equities research analysts have issued reports on TAL shares. ValuEngine upgraded shares of TAL Education Group from a “strong sell” rating to a “sell” rating in a research note on Friday, October 26th. Macquarie upgraded shares of TAL Education Group from a “neutral” rating to an “outperform” rating in a research note on Monday, October 15th. JPMorgan Chase & Co. boosted their price objective on shares of TAL Education Group from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, July 27th. Zacks Investment Research downgraded shares of TAL Education Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Finally, Nomura decreased their price objective on shares of TAL Education Group from $39.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $41.00.
The company has a market capitalization of $14.18 billion, a PE ratio of 80.21 and a beta of -0.29.
Several hedge funds have recently made changes to their positions in TAL. American International Group Inc. purchased a new position in shares of TAL Education Group in the third quarter valued at $143,000. Tower Research Capital LLC TRC boosted its stake in TAL Education Group by 107.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,581 shares of the company’s stock valued at $169,000 after acquiring an additional 2,368 shares during the last quarter. Exane Derivatives boosted its stake in TAL Education Group by 222.6% during the 3rd quarter. Exane Derivatives now owns 7,807 shares of the company’s stock valued at $203,000 after acquiring an additional 5,387 shares during the last quarter. Brookstone Capital Management boosted its stake in TAL Education Group by 42.7% during the 3rd quarter. Brookstone Capital Management now owns 8,374 shares of the company’s stock valued at $215,000 after acquiring an additional 2,506 shares during the last quarter. Finally, Natixis bought a new position in TAL Education Group during the 2nd quarter valued at $224,000. Institutional investors and hedge funds own 60.68% of the company’s stock.
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About TAL Education Group (NYSE:TAL)
TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.
See Also: Cash Flow
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