TAL Education Group (NYSE:TAL) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of TAL Education Group (NYSE:TAL) passed 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.

Analyst Ratings Changes

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

TAL Education Group Trading Down 2.6%

The firm’s 50-day moving average price is $11.41 and its two-hundred day moving average price is $10.83. The stock has a market cap of $6.65 billion, a PE ratio of 37.65, a PEG ratio of 0.69 and a beta of 0.09.

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

Institutional Investors Weigh In On TAL Education Group

Hedge funds have recently made changes to their positions in the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in TAL Education Group by 2,125.9% in the first 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 purchasing an additional 12,061,305 shares during the last quarter. Aspex Management HK Ltd boosted its holdings 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 in the last quarter. Serenity Capital Management PTE. LTD. grew its position in shares of TAL Education Group by 16,237.0% in the 3rd quarter. Serenity Capital Management PTE. LTD. now owns 4,730,377 shares of the company’s stock worth $52,980,000 after buying an additional 4,701,422 shares during the last quarter. Krane Funds Advisors LLC grew its position in shares of TAL Education Group by 25.5% in the 3rd quarter. Krane Funds Advisors LLC now owns 23,072,787 shares of the company’s stock worth $253,455,000 after buying an additional 4,684,426 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of TAL Education Group by 3,989.3% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 4,574,002 shares of the company’s stock worth $51,229,000 after acquiring an additional 4,462,149 shares in the last quarter. 37.79% of the stock is currently 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.