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

TAL Education Group (NYSE:TAL)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $9.87, but opened at $9.35. TAL Education Group shares last traded at $9.34, with a volume of 2,947,726 shares.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of TAL Education Group from a “hold” rating to a “sell” rating in a research report on Tuesday, January 14th. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $14.80.

TAL Education Group Price Performance

The business has a 50-day moving average of $9.89 and a 200-day moving average of $9.80. The company has a market capitalization of $6.69 billion, a P/E ratio of 100.50 and a beta of -0.01.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.03. The firm had revenue of $619.36 million during the quarter, compared to analyst estimates of $609.51 million. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. During the same quarter last year, the business earned $0.06 EPS. Sell-side analysts predict that TAL Education Group will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On TAL Education Group

A number of institutional investors and hedge funds have recently modified their holdings of TAL. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised 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 valued at $174,743,000 after acquiring an additional 14,146,152 shares in the last quarter. FMR LLC raised its position in TAL Education Group by 82,138.4% during the 3rd quarter. FMR LLC now owns 7,224,647 shares of the company’s stock valued at $85,540,000 after purchasing an additional 7,215,862 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of TAL Education Group by 108.8% in the 3rd 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 during the period. Point72 Hong Kong Ltd bought a new position in shares of TAL Education Group during the 2nd quarter worth $35,429,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of TAL Education Group during the third quarter valued at $25,545,000. 37.79% of the stock is owned by institutional investors.

TAL Education Group Company Profile

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.