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

Zacks Research cut shares of TAL Education Group (NYSE:TAL) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks.com reports.

A number of other equities analysts have also commented on the stock. JPMorgan Chase & Co. upgraded shares of TAL Education Group from a “neutral” rating to an “overweight” rating and set a $16.00 price target on the stock in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of TAL Education Group in a research report on Monday. Finally, Wall Street Zen upgraded TAL Education Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.91.

TAL Education Group Trading Down 0.1%

NYSE:TAL opened at $10.98 on Monday. The stock’s 50-day moving average is $11.43 and its 200-day moving average is $11.01. TAL Education Group has a 1-year low of $8.50 and a 1-year high of $15.30. The stock has a market cap of $6.69 billion, a P/E ratio of 37.87, a price-to-earnings-growth ratio of 0.68 and a beta of 0.06.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. TAL Education Group had a net margin of 6.45% and a return on equity of 4.71%. The business had revenue of $861.35 million during the quarter, compared to analyst estimates of $819.03 million. As a group, equities analysts forecast that TAL Education Group will post 0.2 EPS for the current year.

Institutional Investors Weigh In On TAL Education Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Korea Investment CORP increased its position in shares of TAL Education Group by 13.2% during the third quarter. Korea Investment CORP now owns 185,511 shares of the company’s stock worth $2,078,000 after acquiring an additional 21,700 shares in the last quarter. Barclays PLC raised its stake in shares of TAL Education Group by 0.7% in the third quarter. Barclays PLC now owns 432,344 shares of the company’s stock worth $4,842,000 after purchasing an additional 2,938 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of TAL Education Group by 12.2% in the third quarter. Envestnet Asset Management Inc. now owns 17,614 shares of the company’s stock valued at $197,000 after purchasing an additional 1,913 shares in the last quarter. Nomura Holdings Inc. boosted its position in shares of TAL Education Group by 102.8% during the second quarter. Nomura Holdings Inc. now owns 215,568 shares of the company’s stock valued at $2,203,000 after buying an additional 109,258 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its position in shares of TAL Education Group by 1.0% during the second quarter. Public Sector Pension Investment Board now owns 157,482 shares of the company’s stock valued at $1,609,000 after buying an additional 1,600 shares during the last quarter. 37.79% of the stock is owned by institutional investors.

TAL Education Group Company Profile

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.