TAL Education Group (NYSE:TAL) Shares Gap Down to $4.80

TAL Education Group (NYSE:TAL) shares gapped down before the market opened on Friday . The stock had previously closed at $4.80, but opened at $4.67. TAL Education Group shares last traded at $4.54, with a volume of 27,804 shares.

TAL has been the subject of several recent research reports. DBS Vickers downgraded shares of TAL Education Group to a “buy” rating and set a $21.00 target price for the company. in a research note on Friday, June 25th. Credit Suisse Group cut shares of TAL Education Group from an “outperform” rating to an “underperform” rating in a report on Monday, June 7th. Morgan Stanley raised shares of TAL Education Group from an “underweight” rating to an “equal weight” rating in a report on Monday, August 30th. Citigroup cut shares of TAL Education Group from a “neutral” rating to a “sell” rating in a report on Friday, June 11th. Finally, cut shares of TAL Education Group from a “neutral” rating to a “sell” rating in a report on Friday, June 11th. Six research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, TAL Education Group currently has an average rating of “Hold” and a consensus target price of $50.26.

The stock has a market cap of $2.91 billion and a PE ratio of -23.79. The company has a current ratio of 2.42, a quick ratio of 2.41 and a debt-to-equity ratio of 0.44. The company’s 50 day moving average is $6.46 and its 200-day moving average is $31.45.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TAL. Invesco Ltd. boosted its stake in TAL Education Group by 373.2% during the 2nd quarter. Invesco Ltd. now owns 8,846,352 shares of the company’s stock valued at $223,193,000 after purchasing an additional 6,976,886 shares during the period. Canada Pension Plan Investment Board raised its holdings in shares of TAL Education Group by 213.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 9,873,537 shares of the company’s stock worth $249,109,000 after purchasing an additional 6,727,623 shares in the last quarter. Morgan Stanley raised its holdings in shares of TAL Education Group by 9.5% in the 1st quarter. Morgan Stanley now owns 59,547,935 shares of the company’s stock worth $3,206,655,000 after purchasing an additional 5,185,173 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of TAL Education Group by 78.0% in the 2nd quarter. Franklin Resources Inc. now owns 10,229,075 shares of the company’s stock worth $258,085,000 after purchasing an additional 4,481,288 shares in the last quarter. Finally, Krane Funds Advisors LLC raised its holdings in shares of TAL Education Group by 118.1% in the 2nd quarter. Krane Funds Advisors LLC now owns 4,981,233 shares of the company’s stock worth $125,677,000 after purchasing an additional 2,697,045 shares in the last quarter. 52.96% of the stock is owned by institutional investors.

TAL Education Group Company Profile (NYSE:TAL)

TAL Education Group operates as a holding company, which through its subsidiaries, engages in the provision of after-school tutoring programs for primary and secondary school students. Its services are delivered through small classes; personalized premium services, such as one-on-one tutoring; and online course offerings for primary and middle school students.

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