TAL Education Group (NYSE:TAL) Cut to Sell at Zacks Investment Research

Zacks Investment Research lowered shares of TAL Education Group (NYSE:TAL) from a hold rating to a sell rating in a report issued on Friday, January 5th.

According to Zacks, “TAL Education Group provides K-12 after-school tutoring service in China. It offers tutoring services to K-12 students covering academic subjects, including mathematics, English, Chinese, physics, chemistry and biology. The Company delivers its tutoring services through small classes, personalized premium services i.e. one-on-one tutoring and online course offerings. Its extensive network consists of learning centers and service centers in Beijing, Shanghai, Shenzhen, Guangzhou, Tianjin and Wuhan, as well as the Company’s online platform. TAL Education Group is headquartered in Beijing, the People’s Republic of China. “

A number of other equities research analysts have also recently weighed in on the company. Deutsche Bank initiated coverage on TAL Education Group in a research note on Thursday, January 4th. They issued a buy rating and a $35.00 price objective for the company. Bank of America restated a buy rating and issued a $40.30 price target (up previously from $29.10) on shares of TAL Education Group in a research report on Monday, September 25th. Macquarie cut TAL Education Group from an outperform rating to a neutral rating in a research report on Friday, October 27th. Finally, ValuEngine cut TAL Education Group from a hold rating to a sell rating in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. TAL Education Group currently has a consensus rating of Hold and a consensus target price of $31.55.

TAL Education Group (TAL) traded down $1.32 during mid-day trading on Friday, reaching $31.08. The company’s stock had a trading volume of 7,906,900 shares, compared to its average volume of 5,223,978. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market capitalization of $15,520.00, a PE ratio of 124.32, a price-to-earnings-growth ratio of 1.53 and a beta of 0.19. TAL Education Group has a one year low of $12.34 and a one year high of $36.16.

TAL Education Group (NYSE:TAL) last posted its earnings results on Thursday, October 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). The business had revenue of $455.80 million for the quarter, compared to analyst estimates of $441.18 million. TAL Education Group had a return on equity of 18.17% and a net margin of 9.90%. TAL Education Group’s revenue for the quarter was up 68.1% compared to the same quarter last year. analysts predict that TAL Education Group will post 0.35 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. lifted its stake in TAL Education Group by 530.5% in the third quarter. Baillie Gifford & Co. now owns 23,724,100 shares of the company’s stock valued at $799,739,000 after acquiring an additional 19,961,398 shares during the last quarter. Greenwoods Asset Management Ltd boosted its stake in shares of TAL Education Group by 474.7% in the 3rd quarter. Greenwoods Asset Management Ltd now owns 6,626,686 shares of the company’s stock valued at $223,386,000 after purchasing an additional 5,473,555 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of TAL Education Group by 501.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,816,308 shares of the company’s stock valued at $162,358,000 after purchasing an additional 4,015,962 shares in the last quarter. Thornburg Investment Management Inc. boosted its stake in shares of TAL Education Group by 1,386.4% in the 3rd quarter. Thornburg Investment Management Inc. now owns 3,353,831 shares of the company’s stock valued at $113,058,000 after purchasing an additional 3,128,201 shares in the last quarter. Finally, Gilder Gagnon Howe & Co. LLC boosted its stake in shares of TAL Education Group by 1,096.6% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 2,530,746 shares of the company’s stock valued at $85,311,000 after purchasing an additional 2,319,259 shares in the last quarter. Institutional investors own 51.32% of the company’s stock.

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TAL Education Group Company Profile

TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.

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