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TAL Education Group (NYSE:TAL) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

TAL Education Group logo with Consumer Discretionary background

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.
  • Want stock alerts on TAL Education Group? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

TAL Education Group (NYSE:TAL - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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.

Analyst Ratings Changes

Several research firms recently issued reports on TAL. Citigroup lowered shares of TAL Education Group from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $13.40 to $11.54 in a report on Friday, June 27th. Macquarie lowered shares of TAL Education Group from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $14.50 to $10.90 in a report on Thursday, April 24th. Finally, JPMorgan Chase & Co. lowered shares of TAL Education Group from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $16.00 to $11.00 in a report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $12.66.

Read Our Latest Analysis on TAL

TAL Education Group Stock Up 0.8%

The stock has a market capitalization of $6.75 billion, a PE ratio of 65.26 and a beta of 0.07. The company has a 50-day moving average of $10.45 and a 200 day moving average of $11.32.

Institutional Trading of TAL Education Group

Several large investors have recently added to or reduced their stakes in TAL. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in TAL Education Group by 2,125.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 12,628,646 shares of the company's stock valued at $166,824,000 after purchasing an additional 12,061,305 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in TAL Education Group by 2,706.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,045,734 shares of the company's stock valued at $79,864,000 after purchasing an additional 5,830,321 shares in the last quarter. FMR LLC raised its position in TAL Education Group by 60.4% in the 4th quarter. FMR LLC now owns 11,588,534 shares of the company's stock valued at $116,117,000 after purchasing an additional 4,363,887 shares in the last quarter. Citigroup Inc. raised its position in TAL Education Group by 397.7% in the 1st quarter. Citigroup Inc. now owns 4,952,255 shares of the company's stock valued at $65,419,000 after purchasing an additional 3,957,142 shares in the last quarter. Finally, Krane Funds Advisors LLC raised its position in TAL Education Group by 11.5% in the 4th quarter. Krane Funds Advisors LLC now owns 20,338,186 shares of the company's stock valued at $203,789,000 after purchasing an additional 2,100,242 shares in the last quarter. 37.79% of the stock is currently owned by hedge funds and other institutional investors.

About TAL Education Group

(Get Free Report)

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.

Read More

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