TAL Education Group (TAL) Shares Gap Down to $35.25

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TAL Education Group (NYSE:TAL)’s share price gapped down prior to trading on Monday . The stock had previously closed at $36.11, but opened at $35.25. TAL Education Group shares last traded at $34.56, with a volume of 3384889 shares trading hands.

A number of equities analysts have weighed in on the stock. ValuEngine lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a report on Friday, May 10th. Zacks Investment Research lowered shares of TAL Education Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 1st. Morgan Stanley upgraded shares of TAL Education Group from an “equal weight” rating to an “overweight” rating and set a $34.90 price target on the stock in a report on Monday, March 25th. Macquarie lowered shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a report on Friday, April 12th. Finally, Jefferies Financial Group lowered shares of TAL Education Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $37.00 to $33.00 in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $40.32.

The firm has a market cap of $19.77 billion, a price-to-earnings ratio of 55.90 and a beta of 0.13.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.06. The company had revenue of $726.60 million for the quarter, compared to analyst estimates of $685.64 million. TAL Education Group had a net margin of 14.33% and a return on equity of 18.28%. TAL Education Group’s revenue for the quarter was up 44.1% on a year-over-year basis. During the same quarter last year, the business earned $0.14 EPS. On average, research analysts expect that TAL Education Group will post 0.7 earnings per share for the current year.

Large investors have recently bought and sold shares of the stock. Nordea Investment Management AB increased its stake in TAL Education Group by 78.3% during the 1st quarter. Nordea Investment Management AB now owns 151,807 shares of the company’s stock worth $5,477,000 after buying an additional 66,651 shares during the period. FMR LLC increased its stake in TAL Education Group by 64.8% during the 1st quarter. FMR LLC now owns 3,819,325 shares of the company’s stock worth $137,801,000 after buying an additional 1,501,348 shares during the period. Hillhouse Capital Management LTD. purchased a new stake in TAL Education Group during the 1st quarter worth $22,262,000. Man Group plc purchased a new stake in TAL Education Group during the 1st quarter worth $4,748,000. Finally, SEI Investments Co increased its stake in TAL Education Group by 162.4% during the 1st quarter. SEI Investments Co now owns 820,449 shares of the company’s stock worth $29,602,000 after buying an additional 507,816 shares during the period. Institutional investors and hedge funds own 58.71% of the company’s stock.

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About TAL Education Group (NYSE:TAL)

TAL Education Group 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. The company also provides tutoring services primarily through small classes under the Xueersi, Mobby, and Firstleap brand names; personalized premium services under Izhikang name; and online courses.

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