Bank of America, NA 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 1.15% to 14.6 million shares with purchase of 0.17 million shares. This fresh investment now brings its stake to 2.97% valued currently at $102.96 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.15 million to 13.34 million shares.
With over 5.85 million TAL Education Group (TAL) shares trading Monday and a closing price of $7.52 on the day, the dollar volume was approximately $43.96 million. The shares have shown a positive half year performance of 33.81% and its price on 09/18/23 gained nearly 3.87%. Currently, there are 633.97M common shares owned by the public and among those 491.02M 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: 15 analysts who have offered their price forecasts for TAL have a consensus price objective of $7.77. The analysts have set the share’s price value over the next 12 months at a high of $10.20 and a low of $6.70. The average price target is -5.47% below its recent price level and a downside to the estimated low will see the stock lose -12.24% over that period. But an upside of 26.27% will see the stock hit the forecast high price target while median target price for the stock is $7.50.
The top 3 mutual fund holders in TAL Education Group are KraneShares CSI China Internet ET, Vanguard Emerging Markets Stock I, and Vanguard Total International Stoc. KraneShares CSI China Internet ET owns 16.65 million shares of the company’s stock, all valued at over $117.36 million. Vanguard Emerging Markets Stock I sold 1710.0 shares to see its total holdings shrink to 6.16 million shares valued at over $43.45 million and representing 1.25% of the shares outstanding. Vanguard Total International Stoc bought 65680.0 shares to bring its total holdings to over 6.0 million shares at a value of $42.31 million. Vanguard Total International Stoc now owns shares totaling to 1.22% of the shares outstanding.
Shares of TAL Education Group (NYSE: TAL) opened at $7.17, down -$0.07 from a prior closing price of $7.24. However, the script later moved the day high at 7.73, up 3.87%. The company’s stock has a 5-day price change of -0.79% and 15.34% over the past three months. TAL shares are trading 6.67% year to date (YTD), with the 12-month market performance up to 35.99% higher. It has a 12-month low price of $2.81 and touched a high of $10.45 over the same period. TAL has an average intraday trading volume of 6.47 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 6.22%, 8.93%, and 12.10% respectively.
Institutional ownership of TAL Education Group (NYSE: TAL) shares accounts for 57.30% of the company’s 633.97M shares outstanding. Mutual fund holders own 17.11%, while other institutional holders and individual stakeholders account for 33.29% and — respectively.
It has a market capitalization of $4.91B and a beta (3y monthly) value of 0.02. The earnings-per-share (ttm) stands at -$0.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.33% over the week and 4.85% over the month.
Analysts forecast that TAL Education Group (TAL) will achieve an EPS of $0.06 for the current quarter, -$0.02 for the next quarter and $0.14 for 2025. The lowest estimate earnings-per-share for the quarter is $0.06 while analysts give the company a high EPS estimate of $0.06. Comparatively, EPS for the current quarter was $0.04 a year ago.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 15 brokerage firm advisors rate TAL Education Group (TAL) as a “Moderate Buy” at a consensus score of 2.40. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 5 of the 15 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the TAL, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on May 01, 2023, with the firm’s price target at $6.20.