TAL Education Group (NYSE:TAL) Shares Gap Down – Time to Sell?

TAL Education Group (NYSE:TAL) shares gapped down before the market opened 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 traded.

Wall Street Analysts Forecast Growth

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

TAL Education Group Price Performance

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

TAL Education Group (NYSE:TAL) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.12 EPS for the quarter, beating 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 posted $0.06 EPS. On average, sell-side analysts expect that TAL Education Group will post 0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. grew its stake in TAL Education Group by 38.5% in the 3rd quarter. Vontobel Holding Ltd. now owns 33,154 shares of the company’s stock worth $393,000 after buying an additional 9,218 shares in the last quarter. Tobam grew its position in TAL Education Group by 10.4% in the third quarter. Tobam now owns 19,418 shares of the company’s stock worth $230,000 after acquiring an additional 1,832 shares in the last quarter. AQR Capital Management LLC increased its stake in TAL Education Group by 1.3% in the second quarter. AQR Capital Management LLC now owns 253,624 shares of the company’s stock valued at $2,706,000 after acquiring an additional 3,159 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its position in TAL Education Group by 8.3% during the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,209,800 shares of the company’s stock valued at $44,919,000 after purchasing an additional 321,000 shares in the last quarter. Finally, MBB Public Markets I LLC bought a new stake in TAL Education Group during the second quarter worth about $308,000. Institutional investors own 37.79% of the company’s stock.

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.