TAL Education Group (NYSE:TAL) Stock Passes Above 200 Day Moving Average - What's Next?

Key Points

• TAL Education Group's stock price surpassed its 200-day moving average recently, reaching a high of $11.26 before closing at $11.02.
• Analysts have lowered TAL's rating from "buy" to "neutral," with Citigroup setting a new target price at $11.54, while the consensus rating remains at "Hold" with an average price target of $12.66.
• Institutional investors have been actively increasing their stakes in TAL Education Group, with Aspex Management growing its holding by 52%, now owning over 21 million shares.

TAL Education Group (NYSE:TAL - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.67 and traded as high as $11.26. TAL Education Group shares last traded at $11.02, with a volume of 2,375,447 shares traded.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Citigroup lowered TAL Education Group from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $13.40 to $11.54 in a research report on Friday, June 27th. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of TAL Education Group in a research report on Saturday, September 27th. One equities research analyst has rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, TAL Education Group currently has a consensus rating of "Hold" and an average price target of $12.66.

TAL Education Group Trading Down 1.9%

The company has a 50-day moving average price of $10.96 and a two-hundred day moving average price of $10.67. The stock has a market capitalization of $6.71 billion, a P/E ratio of 64.84, a price-to-earnings-growth ratio of 1.02 and a beta of 0.12.

Institutional Trading of TAL Education Group

Several large investors have recently made changes to their positions in the company. Aspex Management HK Ltd grew its stake in shares of TAL Education Group by 52.0% in the 2nd quarter. Aspex Management HK Ltd now owns 21,586,517 shares of the company's stock valued at $220,614,000 after buying an additional 7,388,698 shares during the period. Krane Funds Advisors LLC grew its stake in shares of TAL Education Group by 5.4% in the 1st quarter. Krane Funds Advisors LLC now owns 21,427,983 shares of the company's stock valued at $283,064,000 after buying an additional 1,089,797 shares during the period. Vanguard Group Inc. grew its stake in shares of TAL Education Group by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 17,139,350 shares of the company's stock valued at $226,411,000 after buying an additional 290,538 shares during the period. Bank of America Corp DE grew its stake in shares of TAL Education Group by 14.3% in the 2nd quarter. Bank of America Corp DE now owns 14,060,760 shares of the company's stock valued at $143,701,000 after buying an additional 1,759,945 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of 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 buying an additional 12,061,305 shares during the period. 37.79% of the stock is currently 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.

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