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

TAL Education Group (NYSE:TAL - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.99 and traded as high as $10.02. TAL Education Group shares last traded at $9.91, with a volume of 3,882,372 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com raised TAL Education Group from a "sell" rating to a "hold" rating in a research note on Monday, October 28th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $14.80.

TAL Education Group Trading Down 1.5 %

The company has a market capitalization of $5.90 billion and a P/E ratio of 88.73. The stock's fifty day moving average is $10.47 and its 200 day moving average is $9.99.

TAL Education Group (NYSE:TAL - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.03. The firm had revenue of $619.36 million for the quarter, compared to analysts' expectations of $609.51 million. TAL Education Group had a net margin of 3.94% and a return on equity of 1.97%. During the same quarter in the previous year, the company earned $0.06 earnings per share. On average, analysts expect that TAL Education Group will post 0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On TAL Education Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Krane Funds Advisors LLC raised its stake in TAL Education Group by 9.9% in the second quarter. Krane Funds Advisors LLC now owns 19,333,575 shares of the company's stock worth $206,289,000 after buying an additional 1,749,438 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of TAL Education Group by 2,309.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,758,735 shares of the company's stock worth $174,743,000 after acquiring an additional 14,146,152 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of TAL Education Group by 108.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,790,900 shares of the company's stock valued at $104,084,000 after purchasing an additional 4,581,100 shares during the period. FMR LLC boosted its position in shares of TAL Education Group by 82,138.4% during the third quarter. FMR LLC now owns 7,224,647 shares of the company's stock valued at $85,540,000 after purchasing an additional 7,215,862 shares in the last quarter. Finally, TT International Asset Management LTD boosted its position in shares of TAL Education Group by 12.7% during the third quarter. TT International Asset Management LTD now owns 4,337,801 shares of the company's stock valued at $51,359,000 after purchasing an additional 487,957 shares in the last quarter. 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.