TAL Education Group (NYSE:TAL) Shares Cross Above 200 Day Moving Average – Here’s Why

TAL Education Group (NYSE:TAL) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.99 and traded as high as $10.02. TAL Education Group shares last traded at $9.91, with a volume of 3,882,372 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, TAL Education Group has an average rating of “Moderate Buy” and a consensus price target of $14.80.

TAL Education Group Price Performance

The firm’s fifty day moving average is $10.44 and its 200-day moving average is $9.99. The firm has a market cap of $5.90 billion and a price-to-earnings ratio of 88.64.

TAL Education Group (NYSE:TAL) last released its earnings results on Thursday, October 24th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The business had revenue of $619.36 million during the quarter, compared to analysts’ expectations of $609.51 million. During the same quarter last year, the firm posted $0.06 earnings per share. As a group, equities research analysts anticipate that TAL Education Group will post 0.17 EPS for the current year.

Institutional Investors Weigh In On TAL Education Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. TT International Asset Management LTD boosted its position in shares of TAL Education Group by 12.7% during the 3rd quarter. TT International Asset Management LTD now owns 4,337,801 shares of the company’s stock worth $51,359,000 after purchasing an additional 487,957 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in TAL Education Group in the 3rd quarter valued at about $25,545,000. Y Intercept Hong Kong Ltd acquired a new position in TAL Education Group during the 3rd quarter worth approximately $1,723,000. XTX Topco Ltd bought a new position in TAL Education Group in the third quarter worth approximately $233,000. Finally, National Bank of Canada FI boosted its holdings in TAL Education Group by 46.7% in the third quarter. National Bank of Canada FI now owns 3,736,300 shares of the company’s stock worth $44,238,000 after acquiring an additional 1,189,400 shares in the last quarter. 37.79% of the stock is owned by institutional investors.

About TAL Education Group

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.