TAL Education Group (NYSE:TAL) Rating Lowered to “Hold” at Zacks Research

TAL Education Group (NYSE:TAL) was downgraded by Zacks Research 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 recently commented on TAL. Wall Street Zen cut shares of TAL Education Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded shares of TAL Education Group from a “hold (c-)” rating to a “hold (c)” rating in a 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 MarketBeat, TAL Education Group currently has a consensus rating of “Hold” and a consensus price target of $13.77.

TAL Education Group Trading Down 2.7%

TAL opened at $9.19 on Tuesday. The stock has a 50-day moving average price of $10.43 and a 200-day moving average price of $10.94. TAL Education Group has a 12-month low of $8.93 and a 12-month high of $13.37. The stock has a market capitalization of $5.59 billion, a P/E ratio of 9.88, a PEG ratio of 0.81 and a beta of 0.04.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings data on Tuesday, April 14th. The company reported $1.35 earnings per share for the quarter. The company had revenue of $802.39 million for the quarter. TAL Education Group had a return on equity of 14.87% and a net margin of 17.64%. On average, equities research analysts predict that TAL Education Group will post 0.86 EPS for the current year.

Insider Transactions at TAL Education Group

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

Institutional Trading of TAL Education Group

Institutional investors have recently made changes to their positions in the stock. Quarry LP bought a new position in shares of TAL Education Group in the third quarter worth approximately $42,000. Cassaday & Co Wealth Management LLC bought a new stake in TAL Education Group during the 1st quarter valued at $50,000. DV Equities LLC purchased a new stake in TAL Education Group during the 4th quarter valued at $49,000. Daiwa Securities Group Inc. boosted its position in TAL Education Group by 194.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 5,750 shares of the company’s stock valued at $63,000 after buying an additional 3,800 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in TAL Education Group during the 1st quarter valued at $109,000. Hedge funds and other institutional investors 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.