TAL Education Group (NYSE:TAL) Stock Price Down 7.1% - Time to Sell?

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on TAL shares. JPMorgan Chase & Co. downgraded TAL Education Group from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $16.00 to $11.00 in a report on Thursday, April 24th. Macquarie cut shares of TAL Education Group from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $14.50 to $10.90 in a report on Thursday, April 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $13.13.

TAL Education Group Stock Up 1.8%

The stock has a fifty day moving average of $10.40 and a 200-day moving average of $11.15. The firm has a market capitalization of $6.24 billion, a P/E ratio of 54.27 and a beta of 0.08.

TAL Education Group (NYSE:TAL - Get Free Report) last released its quarterly 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). The company had revenue of $610.24 million during the quarter, compared to analyst estimates of $639.89 million. TAL Education Group had a net margin of 5.77% and a return on equity of 3.22%. During the same quarter last year, the company earned $0.08 EPS. As a group, analysts forecast that TAL Education Group will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On TAL Education Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of TAL Education Group by 2,125.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,628,646 shares of the company's stock worth $166,824,000 after acquiring an additional 12,061,305 shares in the last quarter. Norges Bank acquired a new position in TAL Education Group during the fourth quarter worth $72,628,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in TAL Education Group by 2,706.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,045,734 shares of the company's stock worth $79,864,000 after purchasing an additional 5,830,321 shares during the last quarter. FMR LLC grew its position in TAL Education Group by 60.4% in the fourth quarter. FMR LLC now owns 11,588,534 shares of the company's stock valued at $116,117,000 after purchasing an additional 4,363,887 shares in the last quarter. Finally, Citigroup Inc. increased its stake in TAL Education Group by 397.7% in the 1st quarter. Citigroup Inc. now owns 4,952,255 shares of the company's stock valued at $65,419,000 after buying an additional 3,957,142 shares during the last quarter. Institutional investors and hedge funds 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.