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

Shares of TAL Education Group (NYSE:TAL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.86 and traded as high as $12.63. TAL Education Group shares last traded at $12.22, with a volume of 5,403,209 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. UBS Group increased their target price on TAL Education Group from $16.40 to $17.20 and gave the stock a “buy” rating in a research note on Friday, January 24th. StockNews.com raised TAL Education Group from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, TAL Education Group currently has an average rating of “Moderate Buy” and a consensus target price of $15.53.

TAL Education Group Stock Down 2.7 %

The firm has a 50 day moving average of $10.16 and a two-hundred day moving average of $9.86. The firm has a market capitalization of $7.39 billion, a price-to-earnings ratio of 64.29 and a beta of -0.01.

Institutional Investors Weigh In On TAL Education Group

A number of hedge funds have recently added to or reduced their stakes in the business. DRW Securities LLC purchased a new position in shares of TAL Education Group during the third quarter valued at approximately $128,000. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of TAL Education Group by 108.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,790,900 shares of the company’s stock valued at $104,084,000 after buying an additional 4,581,100 shares during the last quarter. Monolith Management Ltd boosted its position in shares of TAL Education Group by 82.3% during the third quarter. Monolith Management Ltd now owns 1,650,000 shares of the company’s stock valued at $19,536,000 after buying an additional 745,033 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of TAL Education Group by 3.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,889,024 shares of the company’s stock valued at $22,366,000 after buying an additional 62,787 shares during the last quarter. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of TAL Education Group during the third quarter valued at approximately $651,000. 37.79% of the stock is currently owned by institutional investors.

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.