TAL Education Group (TAL) Shares Down 5%

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.

TAL Education Group (NYSE:TAL) last announced its earnings results on Thursday, October 25th. The company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $699.78 million during the quarter. TAL Education Group had a net margin of 11.61% and a return on equity of 16.10%. Analysts predict that TAL Education Group will post 0.45 earnings per share for the current fiscal year.

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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