Zacks Investment Research Downgrades TAL Education Group (TAL) to Hold

Zacks Investment Research cut shares of TAL Education Group (NYSE:TAL) from a buy rating to a hold rating in a report published on Thursday, December 28th.

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. “

TAL has been the subject of a number of other reports. Bank of America restated a buy rating and issued a $40.30 price target (up from $29.10) on shares of TAL Education Group in a research report on Monday, September 25th. Macquarie lowered TAL Education Group from an outperform rating to a neutral rating in a research report on Friday, October 27th. Finally, ValuEngine lowered 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. The company currently has a consensus rating of Hold and an average target price of $31.55.

TAL Education Group (NYSE TAL) opened at $31.08 on Thursday. TAL Education Group has a fifty-two week low of $12.34 and a fifty-two week high of $36.16. The firm has a market capitalization of $15,520.00, a PE ratio of 124.32, a P/E/G ratio of 1.60 and a beta of 0.19. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.32.

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

Several hedge funds have recently modified their holdings of TAL. Baillie Gifford & Co. grew its holdings in shares of TAL Education Group by 530.5% during the third quarter. Baillie Gifford & Co. now owns 23,724,100 shares of the company’s stock worth $799,739,000 after purchasing an additional 19,961,398 shares during the last quarter. Greenwoods Asset Management Ltd grew its holdings in shares of TAL Education Group by 474.7% during the third quarter. Greenwoods Asset Management Ltd now owns 6,626,686 shares of the company’s stock worth $223,386,000 after buying an additional 5,473,555 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of TAL Education Group by 501.8% during the third quarter. Principal Financial Group Inc. now owns 4,816,308 shares of the company’s stock worth $162,358,000 after buying an additional 4,015,962 shares during the last quarter. Thornburg Investment Management Inc. grew its holdings in shares of TAL Education Group by 1,386.4% during the third quarter. Thornburg Investment Management Inc. now owns 3,353,831 shares of the company’s stock worth $113,058,000 after buying an additional 3,128,201 shares during the last quarter. Finally, Gilder Gagnon Howe & Co. LLC grew its holdings in shares of TAL Education Group by 1,096.6% during the third quarter. Gilder Gagnon Howe & Co. LLC now owns 2,530,746 shares of the company’s stock worth $85,311,000 after buying an additional 2,319,259 shares during the last quarter. 51.22% of the stock is currently owned by institutional investors.

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About TAL Education Group

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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