TAL Education Group (NYSE:TAL) Trading Down 3%

TAL Education Group (NYSE:TAL - Get Free Report)'s stock price fell 3% on Wednesday . The stock traded as low as $11.25 and last traded at $11.31. 589,349 shares were traded during trading, a decline of 92% from the average session volume of 7,074,677 shares. The stock had previously closed at $11.66.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on TAL. StockNews.com cut TAL Education Group from a "hold" rating to a "sell" rating in a research note on Wednesday, February 7th. JPMorgan Chase & Co. raised TAL Education Group from a "neutral" rating to an "overweight" rating and raised their target price for the company from $10.00 to $15.00 in a research report on Thursday, January 25th. Finally, TheStreet raised TAL Education Group from a "d+" rating to a "c-" rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $12.37.

TAL Education Group Stock Performance

The firm has a 50 day simple moving average of $12.63 and a 200 day simple moving average of $11.17. The firm has a market cap of $7.29 billion, a P/E ratio of -103.73 and a beta of 0.15.

TAL Education Group (NYSE:TAL - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). The business had revenue of $373.51 million for the quarter, compared to the consensus estimate of $330.96 million. TAL Education Group had a negative net margin of 5.30% and a negative return on equity of 1.93%. Sell-side analysts predict that TAL Education Group will post -0.06 EPS for the current fiscal year.

Institutional Trading of TAL Education Group

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in TAL Education Group by 0.3% in the 3rd quarter. BlackRock Inc. now owns 20,533,691 shares of the company's stock worth $101,439,000 after purchasing an additional 60,574 shares during the period. Krane Funds Advisors LLC increased its stake in TAL Education Group by 14.0% in the 3rd quarter. Krane Funds Advisors LLC now owns 17,771,371 shares of the company's stock worth $161,897,000 after purchasing an additional 2,177,640 shares during the period. Vanguard Group Inc. increased its stake in TAL Education Group by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 17,168,022 shares of the company's stock worth $84,809,000 after purchasing an additional 365,665 shares during the period. Morgan Stanley increased its stake in TAL Education Group by 20.2% in the 3rd quarter. Morgan Stanley now owns 16,136,868 shares of the company's stock worth $147,007,000 after purchasing an additional 2,710,826 shares during the period. Finally, State Street Corp increased its stake in TAL Education Group by 4.9% in the 3rd quarter. State Street Corp now owns 7,629,987 shares of the company's stock worth $37,692,000 after purchasing an additional 358,484 shares during the period. Institutional investors own 37.79% of the company's stock.

TAL Education Group Company Profile

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.