Zacks Investment Research lowered shares of TAL Education Group (NYSE:TAL) from a buy rating to a hold rating in a research note issued to investors on Thursday.

According to Zacks, “TAL Education Group provides K-12 after-school tutoring service in China. It offers tutoring services to K-12 students covering academic subjects, including mathematics, English, Chinese, physics, chemistry and biology. The Company delivers its tutoring services through small classes, personalized premium services i.e. one-on-one tutoring and online course offerings. Its extensive network consists of learning centers and service centers in Beijing, Shanghai, Shenzhen, Guangzhou, Tianjin and Wuhan, as well as the Company’s online platform. TAL Education Group is headquartered in Beijing, the People’s Republic of China. “

Other equities analysts also recently issued reports about the stock. Bank of America restated a buy rating and set a $40.30 target price (up from $29.10) on shares of TAL Education Group in a report on Monday, September 25th. Macquarie downgraded shares of TAL Education Group from an outperform rating to a neutral rating in a report on Friday, October 27th. Finally, ValuEngine downgraded shares of TAL Education Group from a hold rating to a sell rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $31.16.

TAL Education Group (TAL) opened at $29.71 on Thursday. The firm has a market cap of $14,524.09, a price-to-earnings ratio of 123.79, a P/E/G ratio of 1.38 and a beta of 0.19. TAL Education Group has a fifty-two week low of $11.67 and a fifty-two week high of $36.16. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32.

TAL Education Group (NYSE:TAL) last issued its earnings results on Thursday, October 26th. The company reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.02). The firm had revenue of $455.80 million for the quarter, compared to analyst estimates of $441.18 million. TAL Education Group had a return on equity of 18.17% and a net margin of 9.90%. The business’s revenue for the quarter was up 68.1% compared to the same quarter last year. analysts anticipate that TAL Education Group will post 0.37 EPS for the current year.

A number of hedge funds have recently added to or reduced their stakes in the business. AXA boosted its position in TAL Education Group by 236.2% during the third quarter. AXA now owns 656,117 shares of the company’s stock worth $22,118,000 after purchasing an additional 460,952 shares during the period. GSA Capital Partners LLP boosted its position in TAL Education Group by 355.5% during the third quarter. GSA Capital Partners LLP now owns 36,005 shares of the company’s stock worth $1,214,000 after purchasing an additional 28,100 shares during the period. Wealthsource Partners LLC boosted its position in TAL Education Group by 305.5% during the third quarter. Wealthsource Partners LLC now owns 15,168 shares of the company’s stock worth $511,000 after purchasing an additional 11,427 shares during the period. Central Asset Investments & Management Holdings HK Ltd bought a new position in TAL Education Group during the third quarter worth $1,362,000. Finally, Davis Selected Advisers boosted its position in TAL Education Group by 494.9% during the third quarter. Davis Selected Advisers now owns 2,537,827 shares of the company’s stock worth $85,550,000 after purchasing an additional 2,111,241 shares during the period. 51.22% of the stock is owned by hedge funds and other institutional investors.

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About TAL Education Group

TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.

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