TAL Education Group (TAL) Trading Up 0%

TAL Education Group (NYSE:TAL) was up 0% during mid-day trading on Wednesday . The stock traded as high as $32.28 and last traded at $31.84. Approximately 6,263,401 shares changed hands during trading, an increase of 13% from the average daily volume of 5,520,351 shares. The stock had previously closed at $31.84.

Several equities research analysts recently issued reports on TAL shares. Zacks Investment Research downgraded shares of TAL Education Group from a “buy” rating to a “hold” rating in a research note on Thursday, December 28th. Bank of America reaffirmed a “buy” rating and set a $40.30 price target (up previously from $29.10) on shares of TAL Education Group in a research note on Monday, September 25th. Macquarie downgraded shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research note on Friday, October 27th. ValuEngine downgraded shares of TAL Education Group from a “hold” rating to a “sell” rating in a research report on Friday, December 1st. Finally, Deutsche Bank initiated coverage on shares of TAL Education Group in a research report on Thursday. They issued a “buy” rating and a $35.00 target price for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. TAL Education Group currently has a consensus rating of “Buy” and an average target price of $31.55.

The company has a market cap of $16,270.00, a PE ratio of 130.28, a price-to-earnings-growth ratio of 1.57 and a beta of 0.19. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.14 and a quick ratio of 1.14.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, October 26th. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.02). The company had revenue of $455.80 million during the quarter, compared to the consensus estimate of $441.18 million. TAL Education Group had a return on equity of 18.17% and a net margin of 9.90%. TAL Education Group’s quarterly revenue was up 68.1% on a year-over-year basis. research analysts predict that TAL Education Group will post 0.35 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TAL. First Trust Advisors LP bought a new stake in shares of TAL Education Group during the 2nd quarter valued at about $2,345,000. Bank of New York Mellon Corp bought a new stake in shares of TAL Education Group during the 2nd quarter valued at about $12,075,000. Comerica Bank bought a new stake in shares of TAL Education Group during the 2nd quarter valued at about $364,000. Marshall Wace North America L.P. bought a new stake in shares of TAL Education Group during the 2nd quarter valued at about $402,000. Finally, Mitsubishi UFJ Trust & Banking Corp bought a new stake in shares of TAL Education Group during the 2nd quarter valued at about $10,759,000. 51.22% of the stock is owned by 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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