TAL Education Group (NYSE:TAL) Downgraded by StockNews.com to Sell

StockNews.com cut shares of TAL Education Group (NYSE:TALFree Report) from a hold rating to a sell rating in a research report report published on Wednesday morning.

TAL has been the subject of several other research reports. Morgan Stanley assumed coverage on shares of TAL Education Group in a report on Tuesday, November 7th. They set an overweight rating and a $10.50 target price for the company. UBS Group raised shares of TAL Education Group from a neutral rating to a buy rating and set a $11.60 target price for the company in a report on Monday, October 16th. The Goldman Sachs Group initiated coverage on shares of TAL Education Group in a report on Friday, November 24th. They set a buy rating for the company. Finally, JPMorgan Chase & Co. raised shares of TAL Education Group from a neutral rating to an overweight rating and lifted their target price for the stock from $10.00 to $15.00 in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. According to MarketBeat.com, TAL Education Group presently has a consensus rating of Moderate Buy and an average price target of $12.37.

Read Our Latest Research Report on TAL Education Group

TAL Education Group Stock Down 1.1 %

TAL Education Group stock opened at $12.04 on Wednesday. The stock has a market capitalization of $7.68 billion, a PE ratio of -109.45 and a beta of 0.10. TAL Education Group has a twelve month low of $5.09 and a twelve month high of $13.48. The company has a 50 day moving average of $11.82 and a 200-day moving average of $9.53.

Hedge Funds Weigh In On TAL Education Group

Several hedge funds and other institutional investors have recently made changes to their positions in TAL. E Fund Management Hong Kong Co. Ltd. raised its position in shares of TAL Education Group by 135.4% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 244,990 shares of the company’s stock valued at $779,000 after buying an additional 140,916 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of TAL Education Group by 50.3% during the 1st quarter. JPMorgan Chase & Co. now owns 1,250,049 shares of the company’s stock valued at $3,762,000 after purchasing an additional 418,100 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of TAL Education Group during the 1st quarter valued at approximately $140,000. Panagora Asset Management Inc. grew its holdings in shares of TAL Education Group by 10.8% during the 1st quarter. Panagora Asset Management Inc. now owns 86,028 shares of the company’s stock valued at $259,000 after purchasing an additional 8,396 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in shares of TAL Education Group by 4.1% during the 1st quarter. BlackRock Inc. now owns 19,736,428 shares of the company’s stock valued at $59,406,000 after purchasing an additional 780,929 shares during the last quarter. 37.29% of the stock is currently owned by institutional investors and hedge funds.

About TAL Education Group

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TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. The company offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese.

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