TAL Education Group (NYSE:TAL) Stock Price Down 4.5% - Here's Why

TAL Education Group (NYSE:TAL - Get Free Report) shares fell 4.5% on Monday . The company traded as low as $10.17 and last traded at $10.21. 627,602 shares were traded during trading, a decline of 92% from the average session volume of 7,832,184 shares. The stock had previously closed at $10.69.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on TAL. JPMorgan Chase & Co. downgraded shares of 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 report on Thursday, April 24th. Macquarie lowered TAL Education Group from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $14.50 to $10.90 in a research note on Thursday, April 24th. Finally, Citigroup cut TAL Education Group from a "buy" rating to a "neutral" rating and cut their target price for the stock from $13.40 to $11.54 in a research report on Friday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $12.66.

TAL Education Group Stock Performance

The company has a market capitalization of $6.27 billion, a P/E ratio of 73.59 and a beta of 0.11. The business's fifty day simple moving average is $10.21 and its 200-day simple moving average is $11.20.

TAL Education Group (NYSE:TAL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). TAL Education Group had a net margin of 3.76% and a return on equity of 2.26%. The firm had revenue of $610.24 million for the quarter, compared to analysts' expectations of $639.89 million. During the same quarter in the previous year, the business earned $0.08 EPS. As a group, analysts forecast that TAL Education Group will post 0.2 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of TAL. O Shaughnessy Asset Management LLC increased its position in TAL Education Group by 5.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 16,636 shares of the company's stock worth $167,000 after purchasing an additional 838 shares during the last quarter. Sequoia Financial Advisors LLC increased its holdings in shares of TAL Education Group by 8.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 16,596 shares of the company's stock worth $166,000 after buying an additional 1,256 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of TAL Education Group by 15.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 11,829 shares of the company's stock valued at $119,000 after buying an additional 1,556 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of TAL Education Group in the 1st quarter valued at about $29,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of TAL Education Group by 0.7% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 342,856 shares of the company's stock valued at $4,529,000 after acquiring an additional 2,525 shares during the last quarter. 37.79% of the stock is currently owned by institutional investors.

TAL Education Group Company Profile

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.