TAL Education Group (NYSE:TAL) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• TAL Education Group's share price has recently crossed above its 200-day moving average, reaching a high of $11.30, with current trading at $10.93.
• Analysts have shown mixed sentiments; Citigroup downgraded the stock to "neutral" and cut the target price to $11.54, while the consensus rating remains a "Hold" with an average target price of $12.66.
• Institutional investors own 37.79% of TAL Education Group, with significant recent buying activity from several hedge funds, indicating growing interest in the stock.

TAL Education Group (NYSE:TAL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.58 and traded as high as $11.30. TAL Education Group shares last traded at $10.93, with a volume of 6,289,540 shares changing hands.

Wall Street Analysts Forecast Growth

TAL has been the subject of several research analyst reports. Citigroup cut TAL Education Group from a "buy" rating to a "neutral" rating and reduced their target price for the company from $13.40 to $11.54 in a research note on Friday, June 27th. Weiss Ratings reiterated a "hold (c-)" rating on shares of TAL Education Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, TAL Education Group has a consensus rating of "Hold" and an average target price of $12.66.

TAL Education Group Stock Performance

The stock has a market cap of $6.66 billion, a price-to-earnings ratio of 64.31, a PEG ratio of 0.95 and a beta of 0.12. The company's 50 day simple moving average is $10.94 and its 200 day simple moving average is $10.58.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Swedbank AB acquired a new position in TAL Education Group during the third quarter worth about $895,000. IFM Investors Pty Ltd grew its stake in shares of TAL Education Group by 151.9% in the 3rd quarter. IFM Investors Pty Ltd now owns 43,081 shares of the company's stock worth $483,000 after purchasing an additional 25,977 shares during the last quarter. Flputnam Investment Management Co. acquired a new position in shares of TAL Education Group in the 3rd quarter worth approximately $268,000. Nomura Holdings Inc. grew its stake in shares of TAL Education Group by 102.8% in the 2nd quarter. Nomura Holdings Inc. now owns 215,568 shares of the company's stock worth $2,203,000 after purchasing an additional 109,258 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in TAL Education Group by 1.0% in the second quarter. Public Sector Pension Investment Board now owns 157,482 shares of the company's stock worth $1,609,000 after buying an additional 1,600 shares during the last quarter. 37.79% of the stock is owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.