TAL Education Group (NYSE:TAL) Shares Down 5.5%

Shares of TAL Education Group (NYSE:TAL) traded down 5.5% during trading on Tuesday . The company traded as low as $8.56 and last traded at $8.56. 2,614,433 shares traded hands during trading, a decline of 61% from the average session volume of 6,701,760 shares. The stock had previously closed at $9.06.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. HSBC assumed coverage on shares of TAL Education Group in a report on Wednesday, May 29th. They set a “buy” rating and a $16.00 target price for the company. Citigroup reduced their target price on shares of TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a report on Monday, August 5th. Finally, StockNews.com raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Monday, August 5th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $13.30.

TAL Education Group Stock Down 5.2 %

The stock’s 50 day moving average price is $10.17 and its 200-day moving average price is $11.65. The stock has a market capitalization of $5.19 billion, a PE ratio of -855.14 and a beta of 0.01.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.08. The firm had revenue of $414.19 million during the quarter, compared to analysts’ expectations of $392.39 million. TAL Education Group had a net margin of 3.24% and a return on equity of 1.46%. During the same period in the prior year, the company posted ($0.07) earnings per share. On average, analysts forecast that TAL Education Group will post 0.1 earnings per share for the current year.

Hedge Funds Weigh In On TAL Education Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Monolith Management Ltd bought a new position in shares of TAL Education Group during the fourth quarter worth $9,598,000. IvyRock Asset Management HK Ltd bought a new position in shares of TAL Education Group during the fourth quarter worth $345,000. Russell Investments Group Ltd. boosted its position in shares of TAL Education Group by 215.9% during the fourth quarter. Russell Investments Group Ltd. now owns 346,280 shares of the company’s stock worth $4,101,000 after acquiring an additional 236,662 shares during the last quarter. E Fund Management Co. Ltd. boosted its position in shares of TAL Education Group by 0.4% during the fourth quarter. E Fund Management Co. Ltd. now owns 3,052,678 shares of the company’s stock worth $38,555,000 after acquiring an additional 13,430 shares during the last quarter. Finally, National Bank of Canada FI bought a new position in shares of TAL Education Group during the fourth quarter worth $22,144,000. 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.