TAL Education Group (NYSE:TAL) Stock Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• TAL Education Group's share price has recently crossed above its 200-day moving average of $11.34, reaching a high of $11.53 before closing at $11.44.
• Multiple analysts have downgraded their ratings for TAL Education Group, with price targets decreased significantly, reflecting a consensus rating of "Hold" and a target of $12.66.
• Institutional investors hold a 37.79% stake in TAL Education Group, with notable recent activity including purchases from O Shaughnessy Asset Management and PNC Financial Services Group.

TAL Education Group (NYSE:TAL - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $11.34 and traded as high as $11.53. TAL Education Group shares last traded at $11.44, with a volume of 1,936,298 shares.

Analyst Ratings Changes

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

TAL Education Group Trading Down 3.4%

The stock has a market capitalization of $6.74 billion, a P/E ratio of 65.09, a P/E/G ratio of 1.04 and a beta of 0.07. The firm's fifty day moving average is $10.54 and its 200-day moving average is $11.36.

Institutional Investors Weigh In On TAL Education Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its position in TAL Education Group by 19.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,983 shares of the company's stock valued at $143,000 after acquiring an additional 2,268 shares in the last quarter. Beck Bode LLC increased its position in TAL Education Group by 15.2% in the 2nd quarter. Beck Bode LLC now owns 524,560 shares of the company's stock valued at $5,361,000 after acquiring an additional 69,087 shares in the last quarter. KBC Group NV increased its position in TAL Education Group by 606.2% in the 2nd quarter. KBC Group NV now owns 143,623 shares of the company's stock valued at $1,468,000 after acquiring an additional 123,286 shares in the last quarter. Greenwoods Asset Management Hong Kong Ltd. increased its position in TAL Education Group by 9.1% in the 2nd quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 2,671,361 shares of the company's stock valued at $27,301,000 after acquiring an additional 222,544 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in TAL Education Group by 12.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,782,395 shares of the company's stock valued at $18,216,000 after acquiring an additional 193,038 shares in the last quarter. Institutional investors and hedge funds own 37.79% of the company's stock.

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.