UBS Asset Management Switzerland.. recently announced the acquisition of new stake in TAL Education Group (NYSE:TAL). The institutional investor has increased its shareholding in the Consumer Defensive company by 5.10% to 36.8 million shares with purchase of 1.79 million shares. This fresh investment now brings its stake to 9.21% valued currently at $2.88 billion. In addition, Morgan Stanley Asia Ltd. (Investm.. raised its holdings by 1.62 million to 25.64 million shares. And UBS Asset Management (Hong Kong).. has lifted its position by 11.88% or 2.66 million shares – to 25.07 million shares.
With over 3.08 million TAL Education Group (TAL) shares trading Tuesday and a closing price of $78.20 on the day, the dollar volume was approximately $240.57 million. The shares have shown a positive weekly performance of 2.06% and its price on 09/01/20 gained nearly 5.95%. Currently, there are 599.84M common shares owned by the public and among those 377.69M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 32 analysts who have offered their price forecasts for TAL have a consensus price objective of $87.82. The analysts have set the share’s price value over the next 12 months at a high of $102.00 and a low of $60.20 should the stock experience a downside. Incidentally, analysts’ outlook for the TAL Education Group stock is 2.00 for the next 12 months. The average price target is 9.58% above its last price level and an upside to the estimated low will see the stock lose -29.9% over that period. But an upside of 23.33% will see the stock hit the forecast high price target while mean target price for the stock is $90.00.
The top 3 mutual fund holders in TAL Education Group are UBS (Lux) Equity Fund – China Opp, Vanguard International Growth Fun, and Morgan Stanley Invt. Fds. – Globa. UBS (Lux) Equity Fund – China Opp owns 19.11 million shares of the company’s stock, all valued at over $1.49 billion. The company bought an additional 1.85 million shares recently to bring their total holdings to about 4.78% of the shares outstanding. Morgan Stanley Invt. Fds. – Globa bought 0.4 million shares to bring its total holdings to over 10.83 million shares at a value of $846.32 million. Morgan Stanley Invt. Fds. – Globa now owns shares totaling to 2.71% of the shares outstanding.
Shares of TAL Education Group (NYSE: TAL) opened at $75.37, up $1.56 from a prior closing price of $73.81. However, the script later closed the day at $78.20, up 5.95%. The company’s stock has a 5-day price change of 2.06% and 21.45% over the past three months. TAL shares are trading 62.24% year to date (YTD), with the 12-month market performance up to 124.65% higher. It has a 12-month low price of $33.35 and touched a high of $82.49 over the same period. Currently, 3.08 million shares have been traded, compared to an average intraday trading volume of 3.03 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.60%, 4.78%, and 34.17% respectively.
Institutional ownership of TAL Education Group (NYSE: TAL) shares accounts for 93.60% of the company’s 599.84M shares outstanding. Mutual fund holders own 44.82%, while other institutional holders and individual stakeholders account for 53.07% and — respectively.
It has a market capitalization of $46.64B and a beta (3y monthly) value of 0.17. The earnings-per-share (ttm) stands at -$0.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.80% over the week and 3.57% over the month.
Analysts forecast that TAL Education Group (TAL) will achieve an EPS of $0.12 for the current quarter, $0.26 for the next quarter and $1.44 for 2022. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.17. Comparatively, EPS for the current quarter was -$0.02 a year ago. Earnings per share for the fiscal year are expected to decrease by -130.30%, and 79.28% over the next financial year. EPS should grow at an annualized rate of 35.00% over the next five years, compared to -27.40% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 32 brokerage firm advisors rate TAL Education Group (TAL) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 25 Wall Street analysts polled rate the stock as a buy, while 2 of the 32 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the TAL, a number of firms have released research notes about the stock. CLSA stated their Underperform rating for the stock in a research note on July 31, 2020, with the firm’s price target at $50-$80. BofA Securities coverage for the TAL Education Group (TAL) stock in a research note released on July 13, 2020 offered a Buy rating with a price target of. CLSA was of a view on April 13, 2020 that the stock is Sell, while BofA/Merrill gave the stock Buy rating on March 02, 2020, issuing a price target of. Deutsche Bank on their part issued Buy rating on February 28, 2020.