TAL Education Group (NYSE:TAL) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• TAL Education Group shares crossed above their 200-day moving average, reaching $12.09 and last trading at $11.935, compared with a 200-day average of $10.88.
• Analyst sentiment is generally positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $14.80, although some firms maintain Hold ratings.
• The company reported quarterly EPS of $0.75, well above the $0.29 analyst estimate, while revenue of $758.38 million also exceeded expectations.

TAL Education Group (NYSE:TAL - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.88 and traded as high as $12.09. TAL Education Group shares last traded at $11.9350, with a volume of 3,943,468 shares.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Wall Street Zen lowered shares of TAL Education Group from a "buy" rating to a "hold" rating in a report on Sunday, July 12th. Jefferies Financial Group started coverage on TAL Education Group in a report on Friday, July 31st. They set a "hold" rating for the company. Weiss Ratings lowered TAL Education Group from a "hold (c+)" rating to a "hold (c)" rating in a research report on Monday, August 17th. New Street Research set a $13.60 price objective on TAL Education Group in a research note on Friday, July 31st. Finally, Zacks Research upgraded TAL Education Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $14.80.

TAL Education Group Trading Up 1.6%

The company has a market cap of $6.61 billion, a price-to-earnings ratio of 7.41, a P/E/G ratio of 0.81 and a beta of 0.14. The firm's 50-day moving average price is $11.46 and its 200 day moving average price is $10.88.

TAL Education Group (NYSE:TAL - Get Free Report) last released its earnings results on Thursday, July 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.46. The company had revenue of $758.38 million for the quarter, compared to the consensus estimate of $719.40 million. TAL Education Group had a net margin of 28.43% and a return on equity of 24.55%. Analysts forecast that TAL Education Group will post 1.06 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TAL Education Group news, insider Alex Peng sold 30,000 shares of TAL Education Group stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $12.28, for a total value of $368,400.00. Following the completion of the sale, the insider directly owned 15,144 shares of the company's stock, valued at approximately $185,968.32. The trade was a 66.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.81% of the company's stock.

Institutional Trading of TAL Education Group

Several large investors have recently made changes to their positions in the company. Engineers Gate Manager LP bought a new stake in TAL Education Group in the 2nd quarter valued at about $1,211,000. Nykredit A S bought a new position in TAL Education Group in the second quarter worth approximately $1,669,000. Raiffeisen Bank International AG grew its stake in TAL Education Group by 253.3% in the second quarter. Raiffeisen Bank International AG now owns 79,500 shares of the company's stock valued at $754,000 after acquiring an additional 57,000 shares during the period. Wellington Management Group LLP grew its stake in TAL Education Group by 81.0% in the second quarter. Wellington Management Group LLP now owns 1,096,554 shares of the company's stock valued at $10,494,000 after acquiring an additional 490,836 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of TAL Education Group during the second quarter valued at approximately $2,657,000. 37.79% of the stock is currently owned by institutional investors and hedge funds.

TAL Education Group Company Profile

TAL Education Group NYSE: TAL is a Chinese education and technology company that provides learning services, educational content and related products. Its offerings are designed primarily for students and families and include tutoring, academic enrichment, learning applications, educational materials and intelligent learning devices.

Founded in 2003 and headquartered in Beijing, TAL historically built a nationwide network of education centers and online learning platforms serving students in China.

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