TAL Education Group (NYSE:TAL) Stock Passes Above 200 Day Moving Average – Should You Sell?

TAL Education Group (NYSE:TAL)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $10.88 and traded as high as $12.09. TAL Education Group shares last traded at $11.9350, with a volume of 3,943,468 shares changing hands.

Analyst Upgrades and Downgrades

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

TAL Education Group Stock Up 1.5%

The business’s fifty day moving average is $11.49 and its 200-day moving average is $10.89. The company has a market cap of $6.58 billion, a PE ratio of 7.37, a P/E/G ratio of 0.82 and a beta of 0.14.

TAL Education Group (NYSE:TAL) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.46. The business had revenue of $758.38 million for the quarter, compared to the consensus estimate of $719.40 million. TAL Education Group had a net margin of 28.43% and a return on equity of 24.55%. Analysts forecast that TAL Education Group will post 1.06 EPS for the current fiscal year.

Insider Activity at TAL Education Group

In other news, insider Alex Peng sold 30,000 shares of TAL Education Group stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $12.28, for a total transaction of $368,400.00. Following the transaction, the insider directly owned 15,144 shares of the company’s stock, valued at $185,968.32. The trade was a 66.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.81% of the stock is owned by company insiders.

Hedge Funds Weigh In On TAL Education Group

A number of hedge funds have recently modified their holdings of TAL. PNC Financial Services Group Inc. increased its stake in TAL Education Group by 9.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,693 shares of the company’s stock worth $182,000 after purchasing an additional 1,508 shares during the period. State of Wyoming boosted its stake in shares of TAL Education Group by 11.1% in the first quarter. State of Wyoming now owns 21,610 shares of the company’s stock valued at $246,000 after purchasing an additional 2,160 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of TAL Education Group by 6.1% in the first quarter. The Manufacturers Life Insurance Company now owns 58,334 shares of the company’s stock valued at $663,000 after purchasing an additional 3,374 shares in the last quarter. Cassaday & Co Wealth Management LLC acquired a new position in shares of TAL Education Group in the first quarter valued at approximately $50,000. Finally, Resona Asset Management Co. Ltd. increased its stake in TAL Education Group by 7.8% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 111,179 shares of the company’s stock worth $1,258,000 after buying an additional 8,003 shares during the period. 37.79% of the stock is currently owned by institutional investors.

TAL Education Group Company Profile

TAL Education Group (NYSE: TAL) is a Chinese education and technology company that provides learning services, educational content and related products. Its offerings are designed primarily for students and families and include tutoring, academic enrichment, learning applications, educational materials and intelligent learning devices.

Founded in 2003 and headquartered in Beijing, TAL historically built a nationwide network of education centers and online learning platforms serving students in China.