TAL Education Group (TAL) Shares Gap Down to $27.27

TAL Education Group (NYSE:TAL) shares gapped down prior to trading on Monday . The stock had previously closed at $26.60, but opened at $27.27. TAL Education Group shares last traded at $27.57, with a volume of 143700 shares trading hands.

TAL has been the topic of a number of recent analyst reports. Zacks Investment Research raised TAL Education Group from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Wednesday, September 26th. Macquarie raised TAL Education Group from a “neutral” rating to an “outperform” rating in a research note on Monday, October 15th. TheStreet downgraded TAL Education Group from a “b-” rating to a “c+” rating in a research note on Tuesday, October 9th. ValuEngine downgraded TAL Education Group from a “sell” rating to a “strong sell” rating in a research note on Friday, September 7th. Finally, Citigroup downgraded TAL Education Group from a “buy” rating to a “neutral” rating in a research note on Thursday, September 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. TAL Education Group presently has a consensus rating of “Hold” and an average price target of $41.00.

The company has a market capitalization of $13.24 billion, a price-to-earnings ratio of 83.82 and a beta of -0.29.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, October 25th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. TAL Education Group had a return on equity of 16.10% and a net margin of 11.61%. The business had revenue of $699.78 million for the quarter. As a group, analysts forecast that TAL Education Group will post 0.45 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the stock. Morgan Stanley raised its stake in TAL Education Group by 4.4% during the 2nd quarter. Morgan Stanley now owns 32,732,433 shares of the company’s stock worth $1,204,554,000 after buying an additional 1,386,039 shares during the period. BlackRock Inc. increased its holdings in TAL Education Group by 9.3% during the 3rd quarter. BlackRock Inc. now owns 15,609,607 shares of the company’s stock worth $401,325,000 after purchasing an additional 1,329,357 shares in the last quarter. FMR LLC increased its holdings in TAL Education Group by 123.7% during the 2nd quarter. FMR LLC now owns 8,831,042 shares of the company’s stock worth $324,982,000 after purchasing an additional 4,882,800 shares in the last quarter. Thornburg Investment Management Inc. increased its holdings in TAL Education Group by 1.4% during the 3rd quarter. Thornburg Investment Management Inc. now owns 6,183,360 shares of the company’s stock worth $158,974,000 after purchasing an additional 83,898 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in TAL Education Group by 52.3% during the 3rd quarter. Franklin Resources Inc. now owns 6,102,841 shares of the company’s stock worth $156,903,000 after purchasing an additional 2,095,054 shares in the last quarter. 59.76% of the stock is currently owned by institutional investors and hedge funds.

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TAL Education Group Company Profile (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: Earnings Per Share (EPS)

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