TAL Education Group (NYSE:TAL) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• TAL Education Group's stock price recently crossed above its 200-day moving average of $11.32, reaching a high of $11.49 before closing at $11.00.
• Multiple analysts have dropped their ratings for TAL, with Citigroup, Macquarie, and JPMorgan Chase all lowering their price targets significantly, now averaging around $12.66.
• Institutional investors hold approximately 37.79% of TAL's stock, with several large investors recently acquiring new stakes in the company.

TAL Education Group (NYSE:TAL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $11.32 and traded as high as $11.49. TAL Education Group shares last traded at $11.00, with a volume of 4,705,970 shares changing hands.

Analyst Upgrades and Downgrades

TAL has been the subject of several recent analyst reports. Citigroup downgraded TAL Education Group from a "buy" rating to a "neutral" rating and lowered their target price for the company from $13.40 to $11.54 in a research note on Friday, June 27th. Macquarie downgraded TAL Education Group from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $14.50 to $10.90 in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. downgraded TAL Education Group from an "overweight" rating to a "neutral" rating and decreased their price target for the stock from $16.00 to $11.00 in a research note 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's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $12.66.

TAL Education Group Price Performance

The stock's fifty day simple moving average is $10.64 and its 200-day simple moving average is $11.32. The stock has a market cap of $6.70 billion, a P/E ratio of 64.71, a PEG ratio of 1.04 and a beta of 0.07.

Hedge Funds Weigh In On TAL Education Group

Large investors have recently bought and sold shares of the business. Atlas Capital Advisors Inc. bought a new stake in shares of TAL Education Group during the first quarter valued at approximately $29,000. Headlands Technologies LLC bought a new stake in shares of TAL Education Group during the first quarter valued at approximately $99,000. Dark Forest Capital Management LP bought a new stake in shares of TAL Education Group during the fourth quarter valued at approximately $114,000. Ethic Inc. bought a new stake in shares of TAL Education Group during the fourth quarter valued at approximately $142,000. Finally, PNC Financial Services Group Inc. raised its holdings in shares of TAL Education Group by 19.4% during the second quarter. PNC Financial Services Group Inc. now owns 13,983 shares of the company's stock valued at $143,000 after buying an additional 2,268 shares during the last quarter. Institutional investors 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.

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