TAL Education Group (NYSE:TAL) Trading Down 7.1% - Here's What Happened

TAL Education Group (NYSE:TAL - Get Free Report)'s stock price traded down 7.1% on Friday . The company traded as low as $9.87 and last traded at $9.88. 941,821 shares were traded during trading, a decline of 89% from the average session volume of 8,331,370 shares. The stock had previously closed at $10.63.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Macquarie cut 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. JPMorgan Chase & Co. cut TAL Education Group from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $16.00 to $11.00 in a research note on Thursday, April 24th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $13.13.

TAL Education Group Trading Down 7.5%

The company has a market cap of $5.95 billion, a P/E ratio of 51.74 and a beta of 0.08. The business has a 50 day moving average price of $10.47 and a 200-day moving average price of $11.15.

TAL Education Group (NYSE:TAL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.06). TAL Education Group had a return on equity of 3.22% and a net margin of 5.77%. The company had revenue of $610.24 million for the quarter, compared to the consensus estimate of $639.89 million. During the same quarter in the prior year, the company earned $0.08 EPS. On average, sell-side analysts expect that TAL Education Group will post 0.2 earnings per share for the current year.

Institutional Investors Weigh In On TAL Education Group

Large investors have recently added to or reduced their stakes in the business. Atlas Capital Advisors Inc. bought a new stake in TAL Education Group in the 1st quarter valued at $29,000. SBI Securities Co. Ltd. bought a new stake in TAL Education Group in the 4th quarter valued at $40,000. Headlands Technologies LLC bought a new stake in TAL Education Group in the 1st quarter valued at $99,000. iA Global Asset Management Inc. bought a new stake in TAL Education Group in the 4th quarter valued at $79,000. Finally, Blue Trust Inc. raised its stake in TAL Education Group by 28.1% in the 4th quarter. Blue Trust Inc. now owns 9,843 shares of the company's stock valued at $99,000 after acquiring an additional 2,158 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. 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.