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

TAL Education Group (NYSE:TAL)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $10.95 and traded as high as $11.60. TAL Education Group shares last traded at $11.5150, with a volume of 2,799,002 shares trading hands.

Analyst Upgrades and Downgrades

TAL has been the subject of several analyst reports. JPMorgan Chase & Co. upgraded 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 cut shares of TAL Education Group from a “buy” rating to a “hold” rating in a research note on Sunday, November 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of TAL Education Group in a research note on Monday, December 1st. Finally, Zacks Research raised shares of 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 assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $13.91.

TAL Education Group Price Performance

The stock has a market cap of $7.01 billion, a price-to-earnings ratio of 39.71, a PEG ratio of 0.70 and a beta of 0.06. The company’s 50 day moving average is $11.43 and its 200 day moving average is $10.95.

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

Institutional Trading of TAL Education Group

Several large investors have recently bought and sold shares of TAL. Atlas Capital Advisors Inc. acquired a new stake in TAL Education Group in the 1st quarter valued at about $29,000. Quarry LP purchased a new stake in shares of TAL Education Group in the third quarter valued at about $42,000. Headlands Technologies LLC purchased a new stake in shares of TAL Education Group in the first quarter valued at about $99,000. Hantz Financial Services Inc. grew its position 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 valued at $108,000 after purchasing an additional 8,229 shares during the last quarter. Finally, Brooklyn Investment Group increased its stake in shares of TAL Education Group by 386.0% during the 3rd quarter. Brooklyn Investment Group now owns 11,080 shares of the company’s stock worth $124,000 after purchasing an additional 8,800 shares in the last quarter. Institutional investors and hedge funds 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.