Weiss Ratings Reiterates "Hold (C-)" Rating for TAL Education Group (NYSE:TAL)

Key Points

• Weiss Ratings has reiterated a "Hold (C-)" rating for TAL Education Group as of a recent note to investors.
• Citigroup has downgraded TAL Education Group from a "buy" to a "neutral" rating, reducing the price target from $13.40 to $11.54.
• TAL Education Group's stock is currently priced at $11.23 and has a 1-year trading range between a low of $8.50 and a high of $15.30.

TAL Education Group (NYSE:TAL - Get Free Report)'s stock had its "hold (c-)" rating reissued by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Citigroup cut TAL Education Group from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $13.40 to $11.54 in a research note on Friday, June 27th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $12.66.

TAL Education Group Price Performance

Shares of NYSE:TAL traded up $0.19 on Wednesday, hitting $11.23. The company's stock had a trading volume of 1,743,990 shares, compared to its average volume of 3,704,847. The company has a 50-day simple moving average of $10.98 and a 200 day simple moving average of $10.68. TAL Education Group has a 1 year low of $8.50 and a 1 year high of $15.30. The company has a market capitalization of $6.84 billion, a PE ratio of 66.06, a PEG ratio of 1.00 and a beta of 0.12.

Institutional Investors Weigh In On TAL Education Group

Several institutional investors have recently bought and sold shares of TAL. IFM Investors Pty Ltd raised its position in TAL Education Group by 37.9% in the first quarter. IFM Investors Pty Ltd now owns 23,583 shares of the company's stock valued at $312,000 after purchasing an additional 6,479 shares during the period. Vontobel Holding Ltd. purchased a new position in shares of TAL Education Group during the 1st quarter worth approximately $153,000. China Universal Asset Management Co. Ltd. boosted its holdings in shares of TAL Education Group by 47.4% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 140,000 shares of the company's stock valued at $1,849,000 after purchasing an additional 45,000 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of TAL Education Group by 0.7% during 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 in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of TAL Education Group in the 1st quarter worth about $592,000. 37.79% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.