TAL Education Group (NYSE:TAL) Stock Passes Above Two Hundred Day Moving Average of $35.18

TAL Education Group (NYSE:TAL) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $35.18 and traded as high as $32.92. TAL Education Group shares last traded at $32.77, with a volume of 157,299 shares traded.

Several analysts have issued reports on TAL shares. Daiwa Capital Markets raised TAL Education Group from a “neutral” rating to an “outperform” rating in a research note on Friday, April 26th. Zacks Investment Research lowered TAL Education Group from a “hold” rating to a “sell” rating in a research note on Saturday, July 27th. Tigress Financial reaffirmed a “buy” rating on shares of TAL Education Group in a research note on Tuesday, July 2nd. Jefferies Financial Group lowered TAL Education Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $37.00 to $33.00 in a research note on Friday, April 26th. Finally, Bank of America lowered TAL Education Group from a “buy” rating to a “neutral” rating in a research note on Thursday, July 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $34.38.

The stock has a market cap of $18.37 billion, a PE ratio of 53.90 and a beta of 0.29. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.27 and a quick ratio of 1.27. The business has a 50 day moving average price of $35.10 and a two-hundred day moving average price of $35.18.

TAL Education Group (NYSE:TAL) last released its quarterly earnings data on Thursday, July 25th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.04). The company had revenue of $702.80 million for the quarter, compared to analysts’ expectations of $717.09 million. TAL Education Group had a net margin of 10.80% and a return on equity of 13.33%. The business’s revenue for the quarter was up 27.6% compared to the same quarter last year. During the same period last year, the company posted $0.14 EPS. On average, sell-side analysts forecast that TAL Education Group will post 0.59 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Nkcfo LLC purchased a new stake in shares of TAL Education Group during the first quarter valued at approximately $29,000. Trustcore Financial Services LLC bought a new position in shares of TAL Education Group during the first quarter valued at approximately $42,000. Point72 Asset Management L.P. bought a new position in shares of TAL Education Group during the second quarter valued at approximately $65,000. Westwood Holdings Group Inc. bought a new position in shares of TAL Education Group during the second quarter valued at approximately $136,000. Finally, Quadrant Capital Group LLC raised its holdings in shares of TAL Education Group by 39.9% during the first quarter. Quadrant Capital Group LLC now owns 4,630 shares of the company’s stock valued at $166,000 after acquiring an additional 1,321 shares in the last quarter. 59.92% of the stock is owned by hedge funds and other institutional investors.

About TAL Education Group (NYSE:TAL)

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. It offers tutoring services to K-12 students covering various academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English, and Chinese. The company also provides tutoring services primarily through small classes under the Xueersi, Mobby, and Firstleap brand names; personalized premium services under Izhikang name; and online courses.

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