TAL Education Group (TAL) Shares Gap Down to $26.69

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TAL Education Group (NYSE:TAL)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $26.39, but opened at $26.69. TAL Education Group shares last traded at $27.75, with a volume of 265833 shares.

A number of equities analysts recently weighed in on the stock. ValuEngine raised shares of TAL Education Group from a “strong sell” rating to a “sell” rating in a research note on Friday, October 26th. Nomura lowered their target price on shares of TAL Education Group from $39.00 to $28.00 and set a “neutral” rating for the company in a research note on Friday, October 26th. TheStreet downgraded shares of TAL Education Group from a “b-” rating to a “c+” rating in a research note on Tuesday, October 9th. Zacks Investment Research downgraded shares of TAL Education Group from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th. Finally, Macquarie raised shares of TAL Education Group from a “neutral” rating to an “outperform” rating in a research note on Monday, October 15th. 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 company’s stock. The stock currently has an average rating of “Hold” and an average price target of $41.00.

The firm has a market capitalization of $13.49 billion, a P/E ratio of 88.35 and a beta of 0.04.

TAL Education Group (NYSE:TAL) last posted its quarterly earnings results on Thursday, October 25th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. The business had revenue of $699.78 million during the quarter. TAL Education Group had a net margin of 11.61% and a return on equity of 16.10%. On average, analysts predict that TAL Education Group will post 0.45 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Xact Kapitalforvaltning AB grew its holdings in shares of TAL Education Group by 2.6% during the second quarter. Xact Kapitalforvaltning AB now owns 58,300 shares of the company’s stock valued at $2,145,000 after buying an additional 1,500 shares during the last quarter. KBC Group NV grew its holdings in shares of TAL Education Group by 7.2% during the second quarter. KBC Group NV now owns 31,444 shares of the company’s stock valued at $1,157,000 after buying an additional 2,113 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of TAL Education Group by 107.0% during the second quarter. Tower Research Capital LLC TRC now owns 4,581 shares of the company’s stock valued at $169,000 after buying an additional 2,368 shares during the last quarter. Standard Life Aberdeen plc grew its holdings in shares of TAL Education Group by 3.1% during the second quarter. Standard Life Aberdeen plc now owns 85,599 shares of the company’s stock valued at $3,150,000 after buying an additional 2,600 shares during the last quarter. Finally, Atria Investments LLC grew its holdings in shares of TAL Education Group by 19.2% during the second quarter. Atria Investments LLC now owns 16,984 shares of the company’s stock valued at $625,000 after buying an additional 2,741 shares during the last quarter. Institutional investors and hedge funds own 61.00% of the company’s stock.

About TAL Education Group (NYSE:TAL)

TAL Education Group, through its subsidiaries, 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.

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