TAL Education Group (NYSE:TAL) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• TAL Education Group's stock price recently crossed above its 200-day moving average, reaching a high of $11.53, although it currently trades at $10.93.
• Analysts have recently downgraded TAL's stock, with Macquarie, Citigroup, and JPMorgan Chase all reducing their ratings and price targets, reflecting concerns about its market performance.
• TAL Education Group reported a revenue of $575 million for its last quarter, slightly below analysts' expectations, and had an earnings per share (EPS) of $0.05, matching consensus estimates.

TAL Education Group (NYSE:TAL - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.28 and traded as high as $11.53. TAL Education Group shares last traded at $10.93, with a volume of 15,594,654 shares trading hands.

Analyst Upgrades and Downgrades

TAL has been the topic of a number of recent analyst reports. Macquarie downgraded shares of TAL Education Group from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $14.50 to $10.90 in a report on Thursday, April 24th. Citigroup cut shares of TAL Education Group from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $13.40 to $11.54 in a research note on Friday, June 27th. Finally, JPMorgan Chase & Co. cut shares of TAL Education Group from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $16.00 to $11.00 in a research note on Thursday, April 24th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, TAL Education Group currently has an average rating of "Hold" and an average price target of $12.66.

TAL Education Group Trading Up 8.3%

The company has a market cap of $6.66 billion, a P/E ratio of 78.08 and a beta of 0.12. The business's 50 day simple moving average is $10.46 and its 200 day simple moving average is $11.28.

TAL Education Group (NYSE:TAL - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.05 EPS for the quarter, hitting analysts' consensus estimates of $0.05. TAL Education Group had a net margin of 3.76% and a return on equity of 2.26%. The company had revenue of $575.00 million for the quarter, compared to analysts' expectations of $582.81 million. Sell-side analysts anticipate that TAL Education Group will post 0.2 EPS for the current year.

Institutional Investors Weigh In On TAL Education Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC raised its stake in TAL Education Group by 5.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 16,636 shares of the company's stock worth $167,000 after acquiring an additional 838 shares during the period. Atlas Capital Advisors Inc. bought a new stake in shares of TAL Education Group during the first quarter valued at approximately $29,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of TAL Education Group by 0.7% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 342,856 shares of the company's stock valued at $4,529,000 after buying an additional 2,525 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its position in shares of TAL Education Group by 13.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 21,392 shares of the company's stock valued at $219,000 after buying an additional 2,545 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its position in shares of TAL Education Group by 5.0% during the first quarter. Asset Management One Co. Ltd. now owns 66,750 shares of the company's stock valued at $882,000 after buying an additional 3,195 shares during the last quarter. Institutional investors own 37.79% of the company's stock.

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.

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