TAL Education Group (NYSE:TAL) Shares Down 5.5% – What’s Next?

Shares of TAL Education Group (NYSE:TAL) dropped 5.5% on Friday . The company traded as low as $9.76 and last traded at $9.77. Approximately 1,115,547 shares were traded during trading, a decline of 84% from the average daily volume of 7,016,451 shares. The stock had previously closed at $10.34.

Analysts Set New Price Targets

TAL has been the subject of a number of research reports. StockNews.com upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. Citigroup dropped their price target on TAL Education Group from $21.30 to $13.40 and set a “buy” rating for the company in a report on Monday, August 5th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.80.

TAL Education Group Stock Down 3.5 %

The firm has a market capitalization of $6.04 billion, a P/E ratio of 94.00 and a beta of 0.04. The firm has a 50 day moving average of $10.55 and a 200-day moving average of $10.22.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, October 24th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The firm had revenue of $619.36 million during the quarter, compared to analysts’ expectations of $609.51 million. During the same period in the prior year, the company earned $0.06 earnings per share. As a group, research analysts expect that TAL Education Group will post 0.17 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TAL. Krane Funds Advisors LLC grew its holdings in shares of TAL Education Group by 9.9% during the 2nd quarter. Krane Funds Advisors LLC now owns 19,333,575 shares of the company’s stock valued at $206,289,000 after purchasing an additional 1,749,438 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of TAL Education Group by 2,309.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,758,735 shares of the company’s stock worth $174,743,000 after buying an additional 14,146,152 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of TAL Education Group by 108.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,790,900 shares of the company’s stock worth $104,084,000 after buying an additional 4,581,100 shares in the last quarter. FMR LLC lifted its stake in shares of TAL Education Group by 82,138.4% in the 3rd quarter. FMR LLC now owns 7,224,647 shares of the company’s stock valued at $85,540,000 after acquiring an additional 7,215,862 shares during the last quarter. Finally, TT International Asset Management LTD boosted its holdings in shares of TAL Education Group by 12.7% during the 3rd quarter. TT International Asset Management LTD now owns 4,337,801 shares of the company’s stock valued at $51,359,000 after acquiring an additional 487,957 shares in the last quarter. Institutional investors and hedge funds own 37.79% of the company’s stock.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.