JPMorgan Chase & Co. Downgrades TAL Education Group (NYSE:TAL) to Neutral

JPMorgan Chase & Co. cut shares of TAL Education Group (NYSE:TAL) from an overweight rating to a neutral rating in a research note released on Thursday morning, Marketbeat reports. JPMorgan Chase & Co. currently has $11.00 price objective on the stock, down from their prior price objective of $16.00.

TAL has been the subject of several other research reports. UBS Group lifted their price target on shares of TAL Education Group from $16.40 to $17.20 and gave the company a “buy” rating in a research report on Friday, January 24th. StockNews.com upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, TAL Education Group has a consensus rating of “Moderate Buy” and a consensus target price of $14.40.

TAL Education Group Trading Down 18.7 %

Shares of NYSE TAL opened at $8.93 on Thursday. The firm’s 50-day moving average price is $12.34 and its 200-day moving average price is $11.30. The firm has a market capitalization of $5.40 billion, a P/E ratio of 47.00 and a beta of 0.03. TAL Education Group has a 1-year low of $7.35 and a 1-year high of $15.30.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, April 24th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). The firm had revenue of $610.24 million during the quarter, compared to the consensus estimate of $639.89 million. TAL Education Group had a return on equity of 3.22% and a net margin of 5.77%. During the same quarter in the previous year, the company posted $0.08 EPS. Equities research analysts forecast that TAL Education Group will post 0.2 EPS for the current year.

Institutional Investors Weigh In On TAL Education Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Cornerstone Investment Partners LLC bought a new stake in shares of TAL Education Group in the 4th quarter worth $205,000. New York State Common Retirement Fund purchased a new stake in TAL Education Group in the 4th quarter valued at about $1,991,000. Veritas Asset Management LLP bought a new position in shares of TAL Education Group during the 4th quarter worth approximately $432,000. RWC Asset Management LLP lifted its position in shares of TAL Education Group by 3.0% during the 4th quarter. RWC Asset Management LLP now owns 93,784 shares of the company’s stock worth $940,000 after buying an additional 2,726 shares in the last quarter. Finally, Asset Management One Co. Ltd. boosted its stake in shares of TAL Education Group by 13.9% in the 4th quarter. Asset Management One Co. Ltd. now owns 63,555 shares of the company’s stock worth $621,000 after buying an additional 7,749 shares during the last quarter. 37.79% of the stock is owned by hedge funds and other 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.