TAL Education Group (NYSE:TAL) Cut to Hold at Zacks Research

Zacks Research cut shares of TAL Education Group (NYSE:TAL) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks.com reports.

Several other equities research analysts also recently weighed in on the stock. Wall Street Zen raised shares of TAL Education Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Weiss Ratings reissued a “hold (c)” rating on shares of TAL Education Group in a research note on Monday. Finally, JPMorgan Chase & Co. upgraded TAL Education Group from a “neutral” rating to an “overweight” rating and set a $16.00 target price for the company in a research report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $13.91.

TAL Education Group Trading Down 1.0%

TAL opened at $10.89 on Monday. The stock has a 50-day moving average of $11.40 and a 200 day moving average of $11.01. TAL Education Group has a 12 month low of $8.50 and a 12 month high of $15.30. The firm has a market cap of $6.63 billion, a P/E ratio of 37.55, a P/E/G ratio of 0.68 and a beta of 0.06.

TAL Education Group (NYSE:TAL) last announced its earnings results on Thursday, October 30th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. TAL Education Group had a return on equity of 4.71% and a net margin of 6.45%.The firm had revenue of $861.35 million during the quarter, compared to analysts’ expectations of $819.03 million. On average, research analysts forecast that TAL Education Group will post 0.2 earnings per share for the current fiscal year.

Institutional Trading of TAL Education Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. lifted its stake in shares of TAL Education Group by 8.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 15,185 shares of the company’s stock worth $170,000 after purchasing an additional 1,202 shares during the last quarter. HighVista Strategies LLC raised its holdings in TAL Education Group by 8.3% in the third quarter. HighVista Strategies LLC now owns 19,600 shares of the company’s stock worth $220,000 after purchasing an additional 1,500 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in TAL Education Group by 1.0% in the second quarter. Public Sector Pension Investment Board now owns 157,482 shares of the company’s stock worth $1,609,000 after purchasing an additional 1,600 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of TAL Education Group by 12.2% during the third quarter. Envestnet Asset Management Inc. now owns 17,614 shares of the company’s stock valued at $197,000 after buying an additional 1,913 shares during the last quarter. Finally, California State Teachers Retirement System boosted its holdings in shares of TAL Education Group by 0.9% in the 2nd quarter. California State Teachers Retirement System now owns 267,434 shares of the company’s stock valued at $2,733,000 after buying an additional 2,275 shares in the last quarter. Institutional investors own 37.79% of the company’s stock.

TAL Education Group Company Profile

TAL Education Group is a leading provider of after-school tutoring services in China, specializing in K-12 academic instruction. The company offers a range of programs designed to help primary and secondary school students strengthen their core competencies in subjects such as mathematics, English, Chinese language and science. TAL leverages both in-person learning centers and digital platforms to deliver its curriculum, aiming to support student progress through interactive lessons and personalized study plans.

Founded in 2003 and headquartered in Beijing, TAL Education Group has grown into one of China’s largest private education firms.