TAL Education Group (NYSE:TAL) Lowered to Hold Rating by Zacks Research

Zacks Research lowered shares of TAL Education Group (NYSE:TAL) from a strong-buy rating to a hold rating in a report released on Tuesday,Zacks.com reports.

A number of other brokerages have also commented on TAL. Wall Street Zen lowered shares of TAL Education Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings raised TAL Education Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $13.77.

TAL Education Group Trading Down 2.7%

Shares of TAL Education Group stock opened at $9.19 on Tuesday. TAL Education Group has a 1 year low of $8.93 and a 1 year high of $13.37. The company’s fifty day simple moving average is $10.43 and its 200-day simple moving average is $10.94. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 0.81 and a beta of 0.04.

TAL Education Group (NYSE:TAL) last released its earnings results on Tuesday, April 14th. The company reported $1.35 EPS for the quarter. The firm had revenue of $802.39 million during the quarter. TAL Education Group had a net margin of 17.64% and a return on equity of 14.87%. As a group, research analysts forecast that TAL Education Group will post 0.86 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Alex Zhuangzhuang Peng sold 80,000 shares of the firm’s stock in a transaction on Monday, April 27th. The stock was sold at an average price of $10.86, for a total value of $868,800.00. Following the completion of the transaction, the insider directly owned 45,144 shares of the company’s stock, valued at $490,263.84. This trade represents a 63.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.81% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TAL Education Group

A number of hedge funds have recently made changes to their positions in TAL. Quarry LP acquired a new stake in shares of TAL Education Group during the 3rd quarter valued at about $42,000. Cassaday & Co Wealth Management LLC bought a new stake in TAL Education Group in the first quarter valued at about $50,000. DV Equities LLC acquired a new position in TAL Education Group in the fourth quarter worth about $49,000. Daiwa Securities Group Inc. raised its position in TAL Education Group by 194.9% in the fourth quarter. Daiwa Securities Group Inc. now owns 5,750 shares of the company’s stock worth $63,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new position in TAL Education Group during the first quarter worth about $109,000. Institutional investors and hedge funds own 37.79% of the company’s stock.

TAL Education Group Company Profile

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.