TAL Education Group (NYSE:TAL) Stock Crosses Above 200 Day Moving Average - Here's Why

TAL Education Group (NYSE:TAL - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.48 and traded as high as $11.68. TAL Education Group shares last traded at $11.50, with a volume of 4,534,932 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com raised TAL Education Group from a "sell" rating to a "hold" rating in a research report on Monday, October 28th. Citigroup dropped their price objective on shares of TAL Education Group from $21.30 to $13.40 and set a "buy" rating for the company in a research note on Monday, August 5th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $13.73.

TAL Education Group Stock Up 1.0 %

The firm has a market cap of $7.03 billion, a price-to-earnings ratio of 106.64 and a beta of 0.04. The stock's 50 day moving average is $9.65 and its 200 day moving average is $10.48.

TAL Education Group (NYSE:TAL - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. TAL Education Group had a return on equity of 1.97% and a net margin of 3.94%. The business had revenue of $619.36 million during the quarter, compared to analyst estimates of $609.51 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. Analysts anticipate that TAL Education Group will post 0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC boosted its position in shares of TAL Education Group by 1,375.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,331 shares of the company's stock valued at $28,000 after purchasing an additional 2,173 shares during the period. Blue Trust Inc. increased its holdings in shares of TAL Education Group by 569.8% in the 2nd quarter. Blue Trust Inc. now owns 3,282 shares of the company's stock valued at $37,000 after purchasing an additional 2,792 shares during the period. Shell Asset Management Co. grew its position in TAL Education Group by 328.8% during the first quarter. Shell Asset Management Co. now owns 15,672 shares of the company's stock valued at $178,000 after purchasing an additional 12,017 shares in the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of TAL Education Group by 17.3% in the third quarter. Sequoia Financial Advisors LLC now owns 15,340 shares of the company's stock worth $182,000 after acquiring an additional 2,267 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of TAL Education Group by 30.7% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 17,798 shares of the company's stock worth $202,000 after purchasing an additional 4,177 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.