TAL Education Group (NYSE:TAL) Stock Price Passes 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 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 share price crossed 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 trading hands.

Analysts Set New Price Targets

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

TAL Education Group Price Performance

The business has a 50-day simple moving average of $10.58 and a 200-day simple moving average of $11.36. The firm has a market capitalization of $7.05 billion, a PE ratio of 68.15, a P/E/G ratio of 1.00 and a beta of 0.07.

Institutional Investors Weigh In On TAL Education Group

Several hedge funds and other institutional investors have recently modified their holdings of TAL. O Shaughnessy Asset Management LLC raised its holdings in shares of TAL Education Group by 5.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 16,636 shares of the company's stock worth $167,000 after buying an additional 838 shares during the period. Geode Capital Management LLC raised its holdings in shares of TAL Education Group by 2.5% in the fourth quarter. Geode Capital Management LLC now owns 2,468,598 shares of the company's stock worth $24,572,000 after buying an additional 59,948 shares during the period. FMR LLC raised its holdings in shares of TAL Education Group by 60.4% in the fourth quarter. FMR LLC now owns 11,588,534 shares of the company's stock worth $116,117,000 after buying an additional 4,363,887 shares during the period. Invesco Ltd. raised its holdings in shares of TAL Education Group by 1.3% in the fourth quarter. Invesco Ltd. now owns 396,308 shares of the company's stock worth $3,971,000 after buying an additional 5,046 shares during the period. Finally, Barclays PLC raised its holdings in shares of TAL Education Group by 114.7% in the fourth quarter. Barclays PLC now owns 921,041 shares of the company's stock worth $9,228,000 after buying an additional 492,079 shares during the period. 37.79% of the stock is currently owned by hedge funds and other institutional investors.

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.