TAL Education Group (NYSE:TAL) Sets New 12-Month Low – Here’s What Happened
by Mitch Edgeman · The Markets DailyTAL Education Group (NYSE:TAL – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $9.07 and last traded at $9.2050, with a volume of 4341015 shares trading hands. The stock had previously closed at $9.32.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. Weiss Ratings upgraded TAL Education Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, June 11th. Wall Street Zen raised shares of TAL Education Group from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th. Finally, Zacks Research upgraded shares of TAL Education Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $13.77.
Check Out Our Latest Analysis on TAL
TAL Education Group Trading Down 1.2%
The firm has a market capitalization of $5.61 billion, a PE ratio of 9.90, a P/E/G ratio of 0.80 and a beta of 0.04. The business has a 50 day moving average price of $10.66 and a 200-day moving average price of $11.01.
TAL Education Group (NYSE:TAL – Get Free Report) last posted its quarterly earnings results on Tuesday, April 14th. The company reported $1.35 earnings per share for the quarter. TAL Education Group had a return on equity of 14.87% and a net margin of 17.64%.The firm had revenue of $802.39 million for the quarter. On average, equities research analysts forecast that TAL Education Group will post 0.86 earnings per share for the current year.
Insider Buying and Selling
In other TAL Education Group news, insider Alex Zhuangzhuang Peng sold 80,000 shares of the business’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $10.86, for a total transaction of $868,800.00. Following the sale, the insider directly owned 45,144 shares in the company, valued at approximately $490,263.84. The trade was a 63.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.81% of the company’s stock.
Institutional Trading of TAL Education Group
Several hedge funds and other institutional investors have recently made changes to their positions in TAL. Swedbank AB boosted its stake in shares of TAL Education Group by 75.2% during the 4th quarter. Swedbank AB now owns 140,041 shares of the company’s stock worth $1,528,000 after acquiring an additional 60,100 shares in the last quarter. Pictet Asset Management Holding SA grew its holdings in shares of TAL Education Group by 0.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 536,900 shares of the company’s stock worth $5,858,000 after acquiring an additional 4,300 shares during the period. B. Metzler seel. Sohn & Co. AG purchased a new position in TAL Education Group in the 4th quarter valued at approximately $270,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in TAL Education Group by 163.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 236,337 shares of the company’s stock worth $2,578,000 after purchasing an additional 146,489 shares during the last quarter. Finally, China Universal Asset Management Co. Ltd. acquired a new position in TAL Education Group during the fourth quarter worth $895,000. Institutional investors and hedge funds own 37.79% of the company’s stock.
About TAL Education Group
TAL Education Group is a leading provider of after-school tutoring services in China, specializing in K-12 academic instruction. The company offers a range of programs designed to help primary and secondary school students strengthen their core competencies in subjects such as mathematics, English, Chinese language and science. TAL leverages both in-person learning centers and digital platforms to deliver its curriculum, aiming to support student progress through interactive lessons and personalized study plans.
Founded in 2003 and headquartered in Beijing, TAL Education Group has grown into one of China’s largest private education firms.