TAL Education Group (NYSE:TAL) Downgraded to “Sell” at StockNews.com

TAL Education Group (NYSE:TAL) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

Separately, HSBC began coverage on TAL Education Group in a report on Wednesday, May 29th. They set a “buy” rating and a $16.00 price target for the company. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.28.

TAL Education Group Price Performance

Shares of TAL traded up $0.22 during mid-day trading on Thursday, reaching $10.68. The company had a trading volume of 3,547,615 shares, compared to its average volume of 6,720,344. TAL Education Group has a twelve month low of $5.99 and a twelve month high of $15.52. The company’s 50-day moving average is $11.58 and its 200-day moving average is $12.04. The company has a market capitalization of $6.46 billion, a P/E ratio of -1,066.93 and a beta of 0.01.

TAL Education Group (NYSE:TAL) last issued its earnings results on Thursday, April 25th. The company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.10. TAL Education Group had a negative return on equity of 0.10% and a negative net margin of 0.24%. The business had revenue of $429.56 million during the quarter, compared to analysts’ expectations of $389.03 million. As a group, equities analysts expect that TAL Education Group will post 0.06 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. HCEP Management Ltd boosted its position in TAL Education Group by 456.4% in the 4th quarter. HCEP Management Ltd now owns 5,000,000 shares of the company’s stock valued at $63,150,000 after buying an additional 4,101,330 shares during the last quarter. Acadian Asset Management LLC boosted its position in TAL Education Group by 40.6% in the 1st quarter. Acadian Asset Management LLC now owns 4,109,277 shares of the company’s stock valued at $46,617,000 after buying an additional 1,187,364 shares during the last quarter. UBS Group AG boosted its position in TAL Education Group by 5.3% in the 4th quarter. UBS Group AG now owns 3,981,895 shares of the company’s stock valued at $50,291,000 after buying an additional 200,331 shares during the last quarter. WT Asset Management Ltd boosted its position in TAL Education Group by 108.7% in the 4th quarter. WT Asset Management Ltd now owns 3,501,979 shares of the company’s stock valued at $44,230,000 after buying an additional 1,824,094 shares during the last quarter. Finally, National Bank of Canada FI boosted its position in TAL Education Group by 73.4% in the 1st quarter. National Bank of Canada FI now owns 3,257,700 shares of the company’s stock valued at $36,975,000 after buying an additional 1,379,500 shares during the last quarter. 37.79% of the stock is currently owned by institutional investors.

TAL Education Group Company Profile

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.