TAL Education Group (NYSE:TAL) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

TAL Education Group (NYSE:TAL) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.48 and traded as high as $11.68. TAL Education Group shares last traded at $11.50, with a volume of 4,534,932 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TAL. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research note on Monday, October 28th. Citigroup dropped their price target on TAL Education Group from $21.30 to $13.40 and set a “buy” rating on the stock in a research note on Monday, August 5th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, TAL Education Group has an average rating of “Moderate Buy” and a consensus target price of $13.73.

TAL Education Group Price Performance

The business has a 50-day simple moving average of $9.65 and a two-hundred day simple moving average of $10.48. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 104.55 and a beta of 0.04.

TAL Education Group (NYSE:TAL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The company had revenue of $619.36 million during the quarter, compared to analysts’ expectations of $609.51 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. As a group, equities analysts anticipate that TAL Education Group will post 0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On TAL Education Group

Institutional investors have recently made changes to their positions in the company. Robeco Institutional Asset Management B.V. boosted its stake in shares of TAL Education Group by 12.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 143,362 shares of the company’s stock valued at $1,697,000 after buying an additional 15,640 shares during the period. Yong Rong HK Asset Management Ltd bought a new stake in shares of TAL Education Group in the third quarter valued at approximately $19,413,000. abrdn plc boosted its stake in shares of TAL Education Group by 13.1% in the third quarter. abrdn plc now owns 216,604 shares of the company’s stock valued at $2,513,000 after buying an additional 25,077 shares during the period. Sequoia Financial Advisors LLC boosted its stake in shares of TAL Education Group by 17.3% in the third quarter. Sequoia Financial Advisors LLC now owns 15,340 shares of the company’s stock valued at $182,000 after buying an additional 2,267 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of TAL Education Group by 134.2% in the third quarter. Blue Trust Inc. now owns 7,685 shares of the company’s stock valued at $91,000 after buying an additional 4,403 shares during the period. 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.