TAL Education Group (NYSE:TAL) Shares Cross Above 200 Day Moving Average – Here’s Why

TAL Education Group (NYSE:TAL) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.98 and traded as high as $11.21. TAL Education Group shares last traded at $11.1850, with a volume of 2,197,526 shares traded.

Analyst Upgrades and Downgrades

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

TAL Education Group Trading Down 0.4%

The stock’s 50-day simple moving average is $11.44 and its 200-day simple moving average is $10.98. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 38.57, a price-to-earnings-growth ratio of 0.69 and a beta of 0.06.

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

Institutional Investors Weigh In On TAL Education Group

A number of hedge funds have recently made changes to their positions in the stock. Swiss Life Asset Management Ltd lifted its stake in shares of TAL Education Group by 30.1% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 42,890 shares of the company’s stock valued at $480,000 after acquiring an additional 9,911 shares during the last quarter. Danske Bank A S acquired a new stake in shares of TAL Education Group during the third quarter worth $1,355,000. CANADA LIFE ASSURANCE Co lifted its holdings in TAL Education Group by 5.2% in the third quarter. CANADA LIFE ASSURANCE Co now owns 767,829 shares of the company’s stock valued at $8,622,000 after buying an additional 38,029 shares during the period. Dark Forest Capital Management LP acquired a new position in shares of TAL Education Group in the 3rd quarter valued at about $166,000. Finally, PharVision Advisers LLC bought a new position in shares of TAL Education Group during the 3rd quarter worth approximately $255,000. 37.79% of the stock is currently owned by institutional investors and hedge funds.

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.