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

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

Separately, Citigroup decreased their price objective 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. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus target price of $13.30.

TAL Education Group Price Performance

Shares of TAL Education Group stock opened at $10.88 on Monday. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of -1,088.00 and a beta of 0.04. TAL Education Group has a 1 year low of $7.34 and a 1 year high of $15.52. The firm’s 50-day moving average is $9.10 and its 200 day moving average is $10.56.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.08. The firm had revenue of $414.19 million for 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 quarter in the prior year, the company posted ($0.07) earnings per share. On average, equities analysts expect that TAL Education Group will post 0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its position in shares of TAL Education Group by 1,375.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company’s stock valued at $28,000 after buying an additional 2,173 shares in the last quarter. Blue Trust Inc. lifted its holdings in TAL Education Group by 569.8% during the second quarter. Blue Trust Inc. now owns 3,282 shares of the company’s stock valued at $37,000 after purchasing an additional 2,792 shares in the last quarter. China Universal Asset Management Co. Ltd. purchased a new position in TAL Education Group during the first quarter valued at approximately $47,000. Shell Asset Management Co. increased its stake in shares of TAL Education Group by 328.8% in the first quarter. Shell Asset Management Co. now owns 15,672 shares of the company’s stock worth $178,000 after purchasing an additional 12,017 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of TAL Education Group by 30.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 17,798 shares of the company’s stock worth $202,000 after purchasing an additional 4,177 shares in the last quarter. 37.79% of the stock is currently owned by institutional investors.

About TAL Education Group

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.