TAL Education Group (NYSE:TAL – Get 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.
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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