StockNews.com downgrades TAL Education Group (NYSE:TAL) to sell it

TAL Education Group (NYSE: TAL- Get a rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Thursday.

Other stock analysts have also recently published research reports on the company. JPMorgan Chase & Co. upgraded TAL Education Group from an “underweight” rating to a “neutral” rating in a Monday, May 2 report. CICC Research upgraded TAL Education Group from an “outperforming” rating to a “market performance” rating in a Monday, May 2 report. Morgan Stanley upgraded TAL Education Group from an “underweight” rating to an “overweight” rating in a Monday, March 7 report. Zacks Investment Research upgraded TAL Education Group from a “sell” rating to a “buy” rating and set a price target of $2.75 for the company in a Tuesday, March 8 report. Finally, Daiwa Capital Markets upgraded TAL Education Group from a “neutral” rating to a “buy” rating in a Wednesday, March 9 report. Six analysts gave the stock a sell rating, six gave the company a hold rating and four gave the company a buy rating. Based on data from MarketBeat.com, TAL Education Group currently has an average rating of “Hold” and an average target price of $18.29.

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Shares of TAL Education Group opened at $3.37 on Thursday. The stock’s fifty-day simple moving average is $3.01 and its 200-day simple moving average is $3.57. TAL Education Group has a 12-month minimum of $1.60 and a 12-month maximum of $53.01.

TAL Education Group (NYSE: TAL- Get a rating) last released its results on Monday, February 21. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analyst consensus estimates of ($0.32) by $0.17. The company had revenue of $1.02 billion for the quarter. On average, analysts expect TAL Education Group to post -0.41 EPS for the current year.

A number of institutional investors have recently bought and sold shares of TAL. Bridgefront Capital LLC increased its position in TAL Education Group by 195.6% during the third quarter. Bridgefront Capital LLC now owns 25,399 shares of the company worth $123,000 after acquiring 16,808 additional shares in the last quarter. Creative Planning acquired a new stake in TAL Education Group during the third quarter worth approximately $1,025,000. Mackenzie Financial Corp acquired a new stake in TAL Education Group during the third quarter worth approximately $75,000. Connor Clark & ​​Lunn Investment Management Ltd. increased its position in TAL Education Group by 249.0% during the third quarter. Connor Clark & ​​Lunn Investment Management Ltd. now owns 2,652,731 shares of the company worth $12,839,000 after acquiring an additional 1,892,683 shares in the last quarter. Finally, Greenwoods Asset Management Hong Kong Ltd. increased its position in TAL Education Group by 14.8% during the third quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 1,060,800 shares of the company worth $5,134,000 after acquiring an additional 137,000 shares in the last quarter. Institutional investors and hedge funds own 43.75% of the company’s shares.

TAL Education Group Company Profile (Get a rating)

TAL Education Group provides K-12 after-school tutoring services in the People’s Republic of China. The company provides tutoring services for K-12 students covering a variety of academic subjects, including math, physics, chemistry, biology, history, geography, political science, English and language. Chinese.

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Analyst Recommendations for TAL Education Group (NYSE: TAL)

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