TAL Education Group (NYSE:TAL) Downgraded to Hold Rating by Zacks Research

TAL Education Group (NYSE:TAL) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. Wall Street Zen upgraded shares of TAL Education Group from a “hold” rating to a “buy” rating in a research report on Sunday, March 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of TAL Education Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $12.81.

TAL Education Group Price Performance

TAL opened at $11.24 on Tuesday. The business has a fifty day simple moving average of $11.22 and a 200 day simple moving average of $11.28. The company has a market capitalization of $6.85 billion, a PE ratio of 23.42 and a beta of 0.14. TAL Education Group has a 1 year low of $8.50 and a 1 year high of $13.74.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TAL. Myriad Asset Management US LP bought a new stake in shares of TAL Education Group in the third quarter worth about $396,000. Campbell & CO Investment Adviser LLC bought a new position in TAL Education Group during the 3rd quarter valued at approximately $693,000. Sumitomo Mitsui Trust Group Inc. raised its stake in TAL Education Group by 5.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 965,456 shares of the company’s stock valued at $10,813,000 after buying an additional 53,091 shares during the last quarter. Bayforest Capital Ltd raised its stake in TAL Education Group by 20.1% during the third quarter. Bayforest Capital Ltd now owns 42,793 shares of the company’s stock valued at $479,000 after buying an additional 7,154 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in TAL Education Group by 11.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 268,850 shares of the company’s stock worth $3,011,000 after acquiring an additional 27,835 shares in the last quarter. 37.79% of the stock is owned by hedge funds and other institutional investors.

About TAL Education Group

TAL Education Group is a leading provider of after-school tutoring services in China, specializing in K-12 academic instruction. The company offers a range of programs designed to help primary and secondary school students strengthen their core competencies in subjects such as mathematics, English, Chinese language and science. TAL leverages both in-person learning centers and digital platforms to deliver its curriculum, aiming to support student progress through interactive lessons and personalized study plans.

Founded in 2003 and headquartered in Beijing, TAL Education Group has grown into one of China’s largest private education firms.