TAL Education Group's (TAL) Hold (C-) Rating Reiterated at Weiss Ratings

Key Points

• TAL Education Group had its "hold (C-)" rating reiterated by Weiss Ratings, indicating a cautious outlook on the stock.
• Citigroup downgraded TAL Education Group from a "buy" to a "neutral" rating while lowering its price target from $13.40 to $11.54.
• Institutional investors have significantly increased their holdings in TAL, with notable increases from Robeco Institutional Asset Management and Mirae Asset Global Investments.

TAL Education Group (NYSE:TAL - Get Free Report)'s stock had its "hold (c-)" rating reissued by analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Separately, Citigroup downgraded TAL Education Group from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $13.40 to $11.54 in a report on Friday, June 27th. One analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, TAL Education Group currently has an average rating of "Hold" and a consensus target price of $12.66.

TAL Education Group Trading Down 0.4%

NYSE:TAL opened at $12.61 on Friday. TAL Education Group has a 1-year low of $8.50 and a 1-year high of $15.30. The business's 50-day moving average price is $11.03 and its two-hundred day moving average price is $10.56. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 74.15, a PEG ratio of 1.15 and a beta of 0.12.

Institutional Investors Weigh In On TAL Education Group

Several large investors have recently modified their holdings of TAL. Janney Montgomery Scott LLC acquired a new position in shares of TAL Education Group during the first quarter worth about $592,000. Asset Management One Co. Ltd. boosted its position in shares of TAL Education Group by 5.0% during the first quarter. Asset Management One Co. Ltd. now owns 66,750 shares of the company's stock worth $882,000 after buying an additional 3,195 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of TAL Education Group by 935.2% during the first quarter. Robeco Institutional Asset Management B.V. now owns 1,875,566 shares of the company's stock worth $24,776,000 after buying an additional 1,694,390 shares during the period. Perpetual Ltd boosted its position in shares of TAL Education Group by 70.1% during the first quarter. Perpetual Ltd now owns 221,634 shares of the company's stock worth $2,928,000 after buying an additional 91,314 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of 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 buying an additional 5,830,321 shares during the period. 37.79% of the stock is currently 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.

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