TAL Education Group (NYSE:TAL) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Shares of TAL Education Group (NYSE:TAL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.04 and traded as high as $11.25. TAL Education Group shares last traded at $11.0140, with a volume of 1,715,849 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on TAL. Weiss Ratings restated a “hold (c)” rating on shares of TAL Education Group in a report on Monday, December 29th. Zacks Research cut TAL Education Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Wall Street Zen upgraded TAL Education Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, JPMorgan Chase & Co. upgraded TAL Education Group from a “neutral” rating to an “overweight” rating and set a $16.00 price objective on the stock in a research report on Thursday, October 30th. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.91.

TAL Education Group Trading Down 2.7%

The company has a market cap of $6.71 billion, a P/E ratio of 37.98, a price-to-earnings-growth ratio of 0.70 and a beta of 0.06. The company has a 50 day moving average price of $11.29 and a 200-day moving average price of $11.04.

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

Hedge Funds Weigh In On TAL Education Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in shares of TAL Education Group by 13.2% during the third quarter. JPMorgan Chase & Co. now owns 2,633,156 shares of the company’s stock worth $29,491,000 after buying an additional 307,790 shares during the last quarter. Swiss Life Asset Management Ltd boosted its holdings in shares of TAL Education Group by 30.1% during 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 in the last quarter. Danske Bank A S bought a new stake in TAL Education Group during the 3rd quarter worth $1,355,000. CANADA LIFE ASSURANCE Co increased its holdings in TAL Education Group by 5.2% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 767,829 shares of the company’s stock worth $8,622,000 after purchasing an additional 38,029 shares in the last quarter. Finally, Dark Forest Capital Management LP acquired a new stake in shares of TAL Education Group during the third quarter valued at about $166,000. Institutional investors own 37.79% of the company’s stock.

About TAL Education Group

TAL Education Group is a leading provider of after-school tutoring services in China, specializing in K-12 academic instruction. The company offers a range of programs designed to help primary and secondary school students strengthen their core competencies in subjects such as mathematics, English, Chinese language and science. TAL leverages both in-person learning centers and digital platforms to deliver its curriculum, aiming to support student progress through interactive lessons and personalized study plans.

Founded in 2003 and headquartered in Beijing, TAL Education Group has grown into one of China’s largest private education firms.