Zacks Research Downgrades TAL Education Group (NYSE:TAL) to Hold

Key Points

• Zacks Research downgraded TAL Education Group from a "strong-buy" to a "hold" in its latest investor note.
• The consensus analyst rating is Hold with an average target price of $12.81, while TAL shares opened at $11.24 and trade in a 12‑month range of $8.50–$13.74 with a market cap of $6.85 billion.
• Institutional investors have been increasing positions (e.g., JPMorgan +13.2%), and institutions now own about 37.79% of TAL's stock.

TAL Education Group (NYSE:TAL - Get Free Report) was downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

Other research analysts have also issued reports about the company. Wall Street Zen raised TAL Education Group from a "hold" rating to a "buy" rating in a research report on Sunday, March 8th. Weiss Ratings restated a "hold (c)" rating on shares of TAL Education Group in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, TAL Education Group has a consensus rating of "Hold" and an average target price of $12.81.

TAL Education Group Price Performance

NYSE:TAL opened at $11.24 on Tuesday. The firm has a market capitalization of $6.85 billion, a P/E ratio of 23.42 and a beta of 0.14. The business has a 50 day simple moving average of $11.22 and a 200 day simple moving average of $11.28. TAL Education Group has a 12-month low of $8.50 and a 12-month high of $13.74.

Institutional Trading of TAL Education Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in TAL Education Group by 13.2% in the third quarter. JPMorgan Chase & Co. now owns 2,633,156 shares of the company's stock worth $29,491,000 after purchasing an additional 307,790 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of TAL Education Group by 46.1% during the 3rd quarter. Skandinaviska Enskilda Banken AB publ now owns 23,763 shares of the company's stock worth $266,000 after buying an additional 7,500 shares during the last quarter. Aberdeen Group plc grew its holdings in shares of TAL Education Group by 13.1% in the 3rd quarter. Aberdeen Group plc now owns 351,142 shares of the company's stock valued at $3,957,000 after acquiring an additional 40,623 shares in the last quarter. OPTIMAS CAPITAL Ltd acquired a new stake in shares of TAL Education Group in the third quarter valued at about $1,040,000. Finally, Y Intercept Hong Kong Ltd increased its position in shares of TAL Education Group by 747.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 149,606 shares of the company's stock worth $1,676,000 after purchasing an additional 131,960 shares during the last quarter. Institutional investors and hedge funds own 37.79% of the company's stock.

About TAL Education Group

TAL Education Group is a leading provider of after-school tutoring services in China, specializing in K-12 academic instruction. The company offers a range of programs designed to help primary and secondary school students strengthen their core competencies in subjects such as mathematics, English, Chinese language and science. TAL leverages both in-person learning centers and digital platforms to deliver its curriculum, aiming to support student progress through interactive lessons and personalized study plans.

Founded in 2003 and headquartered in Beijing, TAL Education Group has grown into one of China's largest private education firms.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.