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

TAL Education Group (NYSE:TAL) shares passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $10.99 and traded as high as $12.70. TAL Education Group shares last traded at $12.5860, with a volume of 2,796,195 shares trading hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Zacks Research upgraded TAL Education Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 6th. Wall Street Zen cut TAL Education Group from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings upgraded TAL Education Group from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, September 16th. Jefferies Financial Group assumed coverage on TAL Education Group in a research note on Friday, July 31st. They issued a “hold” rating on the stock. Finally, New Street Research set a $13.60 target price on TAL Education Group in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, TAL Education Group has a consensus rating of “Moderate Buy” and a consensus price target of $14.80.

TAL Education Group Stock Performance

The company’s fifty day moving average is $11.96 and its two-hundred day moving average is $11.00. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 7.77, a price-to-earnings-growth ratio of 0.73 and a beta of 0.09.

TAL Education Group (NYSE:TAL) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.46. The firm had revenue of $758.38 million during the quarter, compared to the consensus estimate of $719.40 million. TAL Education Group had a return on equity of 24.55% and a net margin of 28.43%. As a group, analysts forecast that TAL Education Group will post 1.26 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other TAL Education Group news, insider Alex Peng sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $12.28, for a total value of $368,400.00. Following the completion of the transaction, the insider owned 15,144 shares in the company, valued at $185,968.32. This represents a 66.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.81% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC acquired a new stake in TAL Education Group during the 1st quarter valued at $50,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in TAL Education Group during the 1st quarter valued at approximately $109,000. Impact Investors Inc purchased a new stake in TAL Education Group during the 1st quarter worth approximately $135,000. Private Advisor Group LLC acquired a new position in shares of TAL Education Group in the 1st quarter valued at approximately $137,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of TAL Education Group by 13.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 18,878 shares of the company’s stock valued at $215,000 after buying an additional 2,185 shares during the last quarter. 37.79% of the stock is owned by institutional investors and hedge funds.

About TAL Education Group

TAL Education Group is a Chinese education and learning services company that provides programs, products and services designed to support students and families. The company serves primarily school-age learners and has historically operated through a combination of physical learning centers, online platforms and technology-enabled educational offerings.

Founded in 2003 as Xueersi, TAL became a publicly traded company on the New York Stock Exchange in 2010. Its business has included academic and enrichment programs, educational content, learning applications, tutoring services and related technology products.