TAL Education Group (NYSE:TAL) Stock Crosses Above 200-Day Moving Average – Here’s Why

TAL Education Group (NYSE:TAL) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.83 and traded as high as $11.19. TAL Education Group shares last traded at $10.9170, with a volume of 3,518,698 shares trading hands.

Analyst Ratings Changes

A number of research firms recently issued reports on TAL. Wall Street Zen raised shares of TAL Education Group from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. JPMorgan Chase & Co. upgraded TAL Education Group from a “neutral” rating to an “overweight” rating and set a $16.00 target price on the stock in a report on Thursday, October 30th. Weiss Ratings reissued a “hold (c)” rating on shares of TAL Education Group in a research report on Thursday, November 13th. Finally, Zacks Research upgraded TAL Education Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.91.

TAL Education Group Stock Down 1.8%

The stock’s fifty day simple moving average is $11.43 and its two-hundred day simple moving average is $10.85. The firm has a market cap of $6.71 billion, a PE ratio of 38.02, a PEG ratio of 0.69 and a beta of 0.09.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05. The firm had revenue of $861.35 million for the quarter, compared to analysts’ expectations of $819.03 million. TAL Education Group had a return on equity of 4.71% and a net margin of 6.45%. On average, equities research analysts anticipate that TAL Education Group will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TAL Education Group

A number of institutional investors have recently modified their holdings of TAL. Atlas Capital Advisors Inc. purchased a new position in shares of TAL Education Group in the 1st quarter worth about $29,000. Quarry LP bought a new stake in TAL Education Group during the 3rd quarter valued at about $42,000. Headlands Technologies LLC purchased a new position in TAL Education Group in the first quarter worth about $99,000. Hantz Financial Services Inc. lifted its stake in shares of TAL Education Group by 572.7% in the third quarter. Hantz Financial Services Inc. now owns 9,666 shares of the company’s stock worth $108,000 after buying an additional 8,229 shares in the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of TAL Education Group by 386.0% during the third quarter. Brooklyn Investment Group now owns 11,080 shares of the company’s stock valued at $124,000 after buying an additional 8,800 shares during the last quarter. 37.79% of the stock is 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.