TAL Education Group (TAL) Upgraded to “Hold” at Zacks Investment Research

TAL Education Group (NYSE:TAL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “TAL Education Group provides K-12 after-school tutoring service in China. It offers tutoring services to K-12 students covering academic subjects, including mathematics, English, Chinese, physics, chemistry and biology. The Company delivers its tutoring services through small classes, personalized premium services i.e. one-on-one tutoring and online course offerings. Its extensive network consists of learning centers and service centers in Beijing, Shanghai, Shenzhen, Guangzhou, Tianjin and Wuhan, as well as the Company’s online platform. TAL Education Group is headquartered in Beijing, the People’s Republic of China. “

A number of other equities research analysts have also commented on TAL. Macquarie lowered shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a report on Friday, October 27th. ValuEngine lowered shares of TAL Education Group from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, Deutsche Bank initiated coverage on shares of TAL Education Group in a research report on Thursday, January 4th. They issued a “buy” rating and a $35.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $31.55.

Shares of TAL Education Group (TAL) traded down $0.05 during trading on Wednesday, hitting $32.40. 1,321,546 shares of the company were exchanged, compared to its average volume of 7,277,724. The firm has a market cap of $16,010.23, a PE ratio of 113.51, a P/E/G ratio of 1.63 and a beta of 0.19. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. TAL Education Group has a 1-year low of $13.26 and a 1-year high of $36.16.

Several large investors have recently made changes to their positions in TAL. Teachers Advisors LLC acquired a new stake in TAL Education Group during the 2nd quarter worth approximately $2,422,000. TIAA CREF Investment Management LLC acquired a new stake in TAL Education Group during the 2nd quarter worth approximately $5,739,000. Ameriprise Financial Inc. acquired a new stake in TAL Education Group during the 2nd quarter worth approximately $514,000. BlackRock Inc. acquired a new stake in TAL Education Group during the 2nd quarter worth approximately $264,842,000. Finally, Northern Trust Corp acquired a new stake in TAL Education Group during the 2nd quarter worth approximately $39,819,000. Institutional investors and hedge funds own 51.22% of the company’s stock.

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About TAL Education Group

TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.

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