TAL Education Group (NYSE:TAL) Hits New 12-Month Low - Here's Why

TAL Education Group (NYSE:TAL - Get Free Report)'s share price hit a new 52-week low on Wednesday . The company traded as low as $8.71 and last traded at $8.76, with a volume of 6882611 shares changing hands. The stock had previously closed at $9.08.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on TAL shares. StockNews.com raised TAL Education Group from a "sell" rating to a "hold" rating in a report on Friday, January 24th. Macquarie cut TAL Education Group from an "outperform" rating to a "neutral" rating and reduced their price objective for the company from $14.50 to $10.90 in a research report on Thursday, April 24th. JPMorgan Chase & Co. cut TAL Education Group from an "overweight" rating to a "neutral" rating and dropped their target price for the stock from $16.00 to $11.00 in a research report on Thursday, April 24th. Finally, UBS Group boosted their target price on shares of TAL Education Group from $16.40 to $17.20 and gave the company a "buy" rating in a research report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $13.70.

TAL Education Group Stock Up 2.3 %

The stock has a fifty day simple moving average of $11.72 and a 200 day simple moving average of $11.22. The firm has a market capitalization of $5.40 billion, a P/E ratio of 47.00 and a beta of 0.03.

TAL Education Group (NYSE:TAL - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.06). TAL Education Group had a net margin of 5.77% and a return on equity of 3.22%. The company had revenue of $610.24 million for the quarter, compared to analysts' expectations of $639.89 million. During the same period in the previous year, the business posted $0.08 earnings per share. Research analysts anticipate that TAL Education Group will post 0.2 earnings per share for the current fiscal year.

Hedge Funds Weigh In On TAL Education Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Investment Partners LLC purchased a new stake in shares of TAL Education Group during the 4th quarter worth approximately $205,000. New York State Common Retirement Fund purchased a new stake in TAL Education Group during the fourth quarter valued at $1,991,000. Veritas Asset Management LLP bought a new position in TAL Education Group during the fourth quarter valued at $432,000. RWC Asset Management LLP grew its stake in shares of TAL Education Group by 3.0% in the 4th quarter. RWC Asset Management LLP now owns 93,784 shares of the company's stock worth $940,000 after buying an additional 2,726 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its holdings in shares of TAL Education Group by 13.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 63,555 shares of the company's stock worth $621,000 after buying an additional 7,749 shares during the last quarter. 37.79% of the stock is owned by institutional investors.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.