TAL Education Group (NYSE:TAL) Downgraded by StockNews.com to Sell

StockNews.com cut shares of TAL Education Group (NYSE:TAL) from a hold rating to a sell rating in a research report report published on Tuesday morning.

TAL Education Group Trading Up 2.9 %

Shares of TAL Education Group stock opened at $9.64 on Tuesday. TAL Education Group has a twelve month low of $7.34 and a twelve month high of $15.52. The firm has a market capitalization of $5.83 billion, a PE ratio of 87.64 and a beta of -0.01. The firm’s 50-day moving average price is $10.04 and its 200 day moving average price is $9.84.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, October 24th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The business had revenue of $619.36 million for the quarter, compared to the consensus estimate of $609.51 million. During the same quarter last year, the business posted $0.06 earnings per share. On average, sell-side analysts predict that TAL Education Group will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On TAL Education Group

A number of large investors have recently modified their holdings of the business. Point72 DIFC Ltd acquired a new position in TAL Education Group during the third quarter worth about $48,000. EverSource Wealth Advisors LLC boosted its holdings in shares of TAL Education Group by 93.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,517 shares of the company’s stock worth $45,000 after purchasing an additional 2,186 shares during the last quarter. Blue Trust Inc. grew its position in shares of TAL Education Group by 134.2% in the third quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock valued at $91,000 after purchasing an additional 4,403 shares in the last quarter. DRW Securities LLC acquired a new stake in shares of TAL Education Group in the third quarter valued at approximately $128,000. Finally, Point72 Asia Singapore Pte. Ltd. increased its holdings in shares of TAL Education Group by 1,298,400.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,985 shares of the company’s stock valued at $154,000 after purchasing an additional 12,984 shares during the last quarter. Hedge funds and other institutional investors own 37.79% of the company’s stock.

TAL Education Group Company Profile

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.