TAL Education Group (NYSE:TAL) Shares Gap Down to $37.00

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TAL Education Group (NYSE:TAL) gapped down prior to trading on Wednesday . The stock had previously closed at $37.80, but opened at $37.00. TAL Education Group shares last traded at $36.42, with a volume of 2206951 shares.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded TAL Education Group from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a research note on Tuesday, April 30th. Macquarie lowered TAL Education Group from an “outperform” rating to a “neutral” rating in a research note on Friday, April 12th. Daiwa Capital Markets upgraded TAL Education Group from a “neutral” rating to an “outperform” rating in a research note on Friday, April 26th. Jefferies Financial Group lowered TAL Education Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $37.00 to $33.00 in a research note on Friday, April 26th. Finally, ValuEngine lowered TAL Education Group from a “hold” rating to a “sell” rating in a research note on Friday, May 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $40.32.

The company has a market capitalization of $20.40 billion, a PE ratio of 59.70 and a beta of 0.28.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.06. TAL Education Group had a return on equity of 18.28% and a net margin of 14.33%. The business had revenue of $726.60 million during the quarter, compared to analyst estimates of $685.64 million. During the same quarter in the prior year, the business posted $0.14 EPS. TAL Education Group’s revenue for the quarter was up 44.1% compared to the same quarter last year. Equities research analysts predict that TAL Education Group will post 0.69 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Belpointe Asset Management LLC boosted its holdings in shares of TAL Education Group by 91.3% during the 1st quarter. Belpointe Asset Management LLC now owns 15,300 shares of the company’s stock valued at $552,000 after purchasing an additional 7,300 shares during the last quarter. Marshall Wace North America L.P. bought a new position in shares of TAL Education Group during the 1st quarter valued at about $1,437,000. Nordea Investment Management AB boosted its holdings in shares of TAL Education Group by 78.3% during the 1st quarter. Nordea Investment Management AB now owns 151,807 shares of the company’s stock valued at $5,477,000 after purchasing an additional 66,651 shares during the last quarter. FMR LLC boosted its holdings in shares of TAL Education Group by 64.8% during the 1st quarter. FMR LLC now owns 3,819,325 shares of the company’s stock valued at $137,801,000 after purchasing an additional 1,501,348 shares during the last quarter. Finally, Hillhouse Capital Management LTD. bought a new position in shares of TAL Education Group during the 1st quarter valued at about $22,262,000. 60.14% of the stock is owned by institutional investors and hedge funds.

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TAL Education Group Company Profile (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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