Krane Funds Advisors LLC recently announced the acquisition of new stake in TAL Education Group ADR (NYSE:TAL). The institutional investor has increased its shareholding in the Consumer Defensive company by 13.96% to 17.77 million shares with purchase of 2.18 million shares. This fresh investment now brings its stake to 3.62% valued currently at $222.68 million. In addition, Morgan Stanley & Co. LLC raised its holdings by 2.79 million to 14.77 million shares. And UBS Asset Management Switzerland has lifted its position by 2.40% or 0.3 million shares – to 13.01 million shares.
With over 9.48 million TAL Education Group ADR (TAL) shares trading Friday and a closing price of $12.63 on the day, the dollar volume was approximately $119.74 million. The shares have shown a positive half year performance of 111.91% and its price on 12/29/23 gained nearly 7.03%. Currently, there are 489.49M common shares owned by the public and among those 487.01M shares have been available to trade.
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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 $11.76. The analysts have set the share’s price value over the next 12 months at a high of $14.40 and a low of $9.10. The average price target is -7.4% below its recent price level and a downside to the estimated low will see the stock lose -38.79% over that period. But an upside of 12.29% will see the stock hit the forecast high price target while median target price for the stock is $11.90.
The top 3 mutual fund holders in TAL Education Group ADR are KraneShares CSI China Internet ET, Vanguard Emerging Markets Stock I, and Vanguard Total International Stoc. KraneShares CSI China Internet ET owns 16.77 million shares of the company’s stock, all valued at over $210.09 million. Vanguard Total International Stoc bought 33776.0 shares to bring its total holdings to over 5.95 million shares at a value of $74.5 million. Vanguard Total International Stoc now owns shares totaling to 1.21% of the shares outstanding.
Shares of TAL Education Group ADR (NYSE: TAL) opened at $11.90, up $0.1 from a prior closing price of $11.80. However, the script later moved the day high at 13.16, up 7.03%. The company’s stock has a 5-day price change of 0.56% and 38.64% over the past three months. TAL shares are trading 79.15% year to date (YTD), with the 12-month market performance up to 68.18% higher. It has a 12-month low price of $5.09 and touched a high of $13.48 over the same period. TAL has an average intraday trading volume of 7.67 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 5.04%, 18.91%, and 64.86% respectively.
Institutional ownership of TAL Education Group ADR (NYSE: TAL) shares accounts for 51.70% of the company’s 489.49M shares outstanding. Mutual fund holders own 17.31%, while other institutional holders and individual stakeholders account for 34.37% and — respectively.
It has a market capitalization of $6.18B and a beta (3y monthly) value of 0.14. The earnings-per-share (ttm) stands at -$0.15. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.27% over the week and 5.88% over the month.
Analysts forecast that TAL Education Group ADR (TAL) will achieve an EPS of $0.02 for the current quarter, $0.02 for the next quarter and $0.26 for 2025. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.03. Comparatively, EPS for the current quarter was -$0.04 a year ago. Earnings per share for the fiscal year are expected to increase by 55.70%, and 175.37% over the next financial year.
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 ADR (TAL) as a “Strong Buy” at a consensus score of 1.67. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 3 of the 15 advise that investors “hold,” and 0 rated it as a “Sell.”
