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

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

TAL Education Group Stock Performance

TAL traded up $0.27 on Tuesday, hitting $9.64. 5,245,475 shares of the company were exchanged, compared to its average volume of 6,095,435. The stock’s fifty day moving average is $10.04 and its 200-day moving average is $9.84. The company has a market cap of $5.83 billion, a PE ratio of 87.64 and a beta of -0.01. TAL Education Group has a 12 month low of $7.34 and a 12 month high of $15.52.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $619.36 million for the quarter, compared to analysts’ expectations of $609.51 million. During the same quarter in the prior year, the business posted $0.06 EPS. As a group, equities research analysts expect 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 institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its position in TAL Education Group by 93.8% during the second 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 period. Point72 DIFC Ltd bought a new stake in shares of TAL Education Group during the 3rd quarter worth about $48,000. Blue Trust Inc. grew its stake in TAL Education Group by 134.2% in the 3rd quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock valued at $91,000 after buying an additional 4,403 shares during the last quarter. DRW Securities LLC bought a new position in TAL Education Group in the 3rd quarter valued at about $128,000. Finally, Point72 Asia Singapore Pte. Ltd. raised its holdings in TAL Education Group by 1,298,400.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 12,985 shares of the company’s stock valued at $154,000 after acquiring an additional 12,984 shares during the period. 37.79% of the stock is 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. 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.