TAL Education Group (NYSE:TAL) Shares Down 4%

TAL Education Group (NYSE:TAL - Get Free Report) traded down 4% during trading on Wednesday . The stock traded as low as $11.63 and last traded at $11.70. 2,198,408 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 6,940,321 shares. The stock had previously closed at $12.19.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. raised shares of TAL Education Group from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $10.00 to $15.00 in a research note on Thursday, January 25th. TheStreet raised shares of TAL Education Group from a "d+" rating to a "c-" rating in a research note on Wednesday, February 14th. Finally, StockNews.com lowered shares of TAL Education Group from a "hold" rating to a "sell" rating in a research note on Wednesday, February 7th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, TAL Education Group has a consensus rating of "Moderate Buy" and an average price target of $12.37.

TAL Education Group Price Performance

The business's 50 day moving average is $12.45 and its 200-day moving average is $11.53. The company has a market cap of $7.82 billion, a PE ratio of -111.45 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). TAL Education Group had a negative return on equity of 1.93% and a negative net margin of 5.30%. The firm had revenue of $373.51 million during the quarter, compared to analysts' expectations of $330.96 million. As a group, sell-side analysts predict that TAL Education Group will post -0.06 EPS for the current fiscal year.

Institutional Trading of TAL Education Group

Institutional investors have recently modified their holdings of the stock. Keystone Investors PTE Ltd. acquired a new position in shares of TAL Education Group in the 3rd quarter valued at $24,353,000. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of TAL Education Group by 11.0% in the 4th quarter. E Fund Management Hong Kong Co. Ltd. now owns 433,694 shares of the company's stock valued at $5,478,000 after buying an additional 43,071 shares in the last quarter. Barclays PLC boosted its holdings in shares of TAL Education Group by 10.1% in the 3rd quarter. Barclays PLC now owns 299,773 shares of the company's stock valued at $2,731,000 after buying an additional 27,400 shares in the last quarter. Canada Pension Plan Investment Board boosted its holdings in shares of TAL Education Group by 31.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,582,655 shares of the company's stock valued at $14,418,000 after buying an additional 379,000 shares in the last quarter. Finally, California Public Employees Retirement System boosted its holdings in shares of TAL Education Group by 1.5% in the 3rd quarter. California Public Employees Retirement System now owns 801,288 shares of the company's stock valued at $7,300,000 after buying an additional 11,518 shares in the last quarter. Hedge funds and other 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.