TAL Education Group (TAL) Shares Gap Down to $26.69

TAL Education Group (NYSE:TAL) shares gapped down before the market opened on Tuesday . The stock had previously closed at $26.39, but opened at $26.69. TAL Education Group shares last traded at $27.75, with a volume of 265833 shares changing hands.

TAL has been the subject of several research reports. Zacks Investment Research raised shares of TAL Education Group from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Wednesday, September 26th. Macquarie raised shares of TAL Education Group from a “neutral” rating to an “outperform” rating in a report on Monday, October 15th. TheStreet downgraded shares of TAL Education Group from a “b-” rating to a “c+” rating in a report on Tuesday, October 9th. ValuEngine downgraded shares of TAL Education Group from a “sell” rating to a “strong sell” rating in a report on Friday, September 7th. Finally, Citigroup cut shares of TAL Education Group from a “buy” rating to a “neutral” rating in a research report on Thursday, September 13th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. TAL Education Group currently has a consensus rating of “Hold” and an average price target of $41.00.

The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.28 and a current ratio of 1.28. The stock has a market cap of $13.64 billion, a PE ratio of 81.15 and a beta of 0.05.



TAL Education Group (NYSE:TAL) last announced its earnings results on Thursday, October 25th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The firm had revenue of $699.78 million for the quarter. TAL Education Group had a net margin of 11.61% and a return on equity of 17.17%. As a group, analysts forecast that TAL Education Group will post 0.52 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of TAL Education Group by 107.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,581 shares of the company’s stock valued at $169,000 after buying an additional 2,368 shares in the last quarter. Verition Fund Management LLC purchased a new stake in TAL Education Group in the 1st quarter worth about $217,000. Natixis purchased a new stake in TAL Education Group in the 2nd quarter worth about $224,000. EFG Asset Management Americas Corp. purchased a new stake in TAL Education Group in the 2nd quarter worth about $230,000. Finally, Exane Derivatives raised its position in TAL Education Group by 222.6% in the 3rd quarter. Exane Derivatives now owns 7,807 shares of the company’s stock worth $203,000 after purchasing an additional 5,387 shares during the period. Hedge funds and other institutional investors own 61.00% of the company’s stock.

About TAL Education Group (NYSE:TAL)

TAL Education Group, through its subsidiaries, provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.

Recommended Story: Conference Calls

Receive News & Ratings for TAL Education Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAL Education Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply