TAL Education Group (NYSE:TAL) Shares Cross Above 200 Day Moving Average - What's Next?

Shares of TAL Education Group (NYSE:TAL - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.58 and traded as high as $11.86. TAL Education Group shares last traded at $11.36, with a volume of 10,795,474 shares.

Analysts Set New Price Targets

TAL has been the topic of a number of recent research reports. Citigroup decreased their target price on TAL Education Group from $21.30 to $13.40 and set a "buy" rating on the stock in a research report on Monday, August 5th. StockNews.com raised TAL Education Group from a "sell" rating to a "hold" rating in a research report on Monday, August 5th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, TAL Education Group currently has an average rating of "Moderate Buy" and a consensus price target of $13.30.

TAL Education Group Trading Down 2.7 %

The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of -1,099.00 and a beta of 0.04. The firm has a fifty day moving average price of $8.90 and a 200 day moving average price of $10.57.

TAL Education Group (NYSE:TAL - Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.08. The business had revenue of $414.19 million for the quarter, compared to the consensus estimate of $392.39 million. TAL Education Group had a return on equity of 1.46% and a net margin of 3.24%. During the same period in the previous year, the business earned ($0.07) EPS. As a group, equities analysts predict that TAL Education Group will post 0.1 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Healthcare of Ontario Pension Plan Trust Fund raised its position in TAL Education Group by 8.3% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,209,800 shares of the company's stock worth $44,919,000 after purchasing an additional 321,000 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of TAL Education Group during the 2nd quarter valued at $17,476,000. Driehaus Capital Management LLC bought a new stake in shares of TAL Education Group during the 2nd quarter valued at $1,407,000. SIH Partners LLLP bought a new stake in shares of TAL Education Group during the 2nd quarter valued at $313,000. Finally, Scientech Research LLC bought a new stake in shares of TAL Education Group during the 2nd quarter valued at $834,000. Institutional investors own 37.79% of the company's stock.

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.