TAL Education Group (NYSE:TAL) Stock Rating Lowered by CICC Research

TAL Education Group (NYSE:TALGet Rating) was downgraded by equities research analysts at CICC Research from an “outperform” rating to a “market perform” rating in a report issued on Monday, The Fly reports.

Other research analysts have also issued reports about the company. StockNews.com lowered TAL Education Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 20th. Zacks Investment Research raised TAL Education Group from a “sell” rating to a “buy” rating and set a $2.75 target price on the stock in a research report on Tuesday, March 8th. Morgan Stanley raised TAL Education Group from an “underweight” rating to an “overweight” rating in a research report on Monday, March 7th. Daiwa Capital Markets raised TAL Education Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 9th. Finally, JPMorgan Chase & Co. raised TAL Education Group from an “underweight” rating to a “neutral” rating in a research report on Monday. Six research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $18.29.

TAL opened at $3.39 on Monday. TAL Education Group has a 12 month low of $1.60 and a 12 month high of $58.50. The stock has a fifty day moving average of $2.93.

TAL Education Group (NYSE:TALGet Rating) last released its quarterly earnings results on Monday, February 21st. The company reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.17. The company had revenue of $1.02 billion during the quarter. On average, research analysts anticipate that TAL Education Group will post -0.53 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the company. Lindbrook Capital LLC increased its holdings in shares of TAL Education Group by 99.0% in the first quarter. Lindbrook Capital LLC now owns 8,478 shares of the company’s stock valued at $26,000 after purchasing an additional 4,218 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of TAL Education Group by 367.3% in the third quarter. PNC Financial Services Group Inc. now owns 6,524 shares of the company’s stock worth $32,000 after buying an additional 5,128 shares during the last quarter. Intelligence Driven Advisers LLC purchased a new stake in shares of TAL Education Group in the fourth quarter worth about $36,000. Stifel Financial Corp purchased a new stake in shares of TAL Education Group in the fourth quarter worth about $39,000. Finally, Parallel Advisors LLC boosted its stake in shares of TAL Education Group by 48.1% in the fourth quarter. Parallel Advisors LLC now owns 11,263 shares of the company’s stock worth $44,000 after buying an additional 3,658 shares during the last quarter. 41.31% of the stock is currently owned by institutional investors and hedge funds.

About TAL Education Group (Get Rating)

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.

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