Investing in TAL Education Group (TAL) Is Getting More Attractive


Taking this into account, PT values the company’s stock at a premium of -179.31 to its Tuesday closing price. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in early November from “a Neutral” to “a Buy”. BofA Securities also remained covering TAL and has increased its forecast on October 31, 2022 with a “Neutral” recommendation from previously “an Underperform” rating. JP Morgan revised its rating on May 02, 2022. It rated TAL as “a Neutral” which previously was an “an Underweight”.

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Price Performance Review of TAL

On Tuesday, TAL Education Group [NYSE:TAL] saw its stock jump 3.05% to $8.10. On the same session, the stock had its day’s lowest price of $7.73, but rose to a high of $8.175. Over the last five days, the stock has gained 0.62%. TAL Education Group shares have risen nearly 14.89% since the year began. Nevertheless, the stocks have risen 142.51% over the past one year. While a 52-week high of $10.45 was reached on 01/09/23, a 52-week low of $1.60 was recorded on 01/03/23. SMA at 50 days reached $6.99, while 200 days put it at $5.08. A total of 3.67 million shares were traded, compared to the trading of 5.42 million shares in the previous session.

Levels Of Support And Resistance For TAL Stock

The 24-hour chart illustrates a support level at 7.83, which if violated will result in even more drops to 7.56. On the upside, there is a resistance level at 8.27. A further resistance level may holdings at 8.45. The Relative Strength Index (RSI) on the 14-day chart is 52.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.60%. Stochastics %K at 29.88% indicates the stock is a holding.

How much short interest is there in TAL Education Group?

A steep rise in short interest was recorded in TAL Education Group stocks on Oct 13, 2022, dropping by -8.5 million shares to a total of 14.45 million shares. Yahoo Finance data shows the prior-month short interest on Sep 14, 2022 was 22.95 million shares. There was a decline of -58.82%, which implies that there is a negative sentiment for the stock.

TAL Education Group [TAL] – Who Are The Largest Shareholders?

In filings from Goldman Sachs & Co. LLC, it is revealed that the company now owns 37,134,692 shares, or roughly 7.42% of the outstanding TAL shares. In other words, the investor’s shares have fallen by -12,027,485 from its previous 13-F filing of 49162177.0. Additionally, Morgan Stanley & Co. LLC increased 9.16% of its stake after which the total value it holdings stand at $135,535,348, while UBS Securities LLC reduced -4.04% of its stake to hold $123.14 million in the firm. Over the last quarter, Krane Funds Advisors LLC sold -1,566,135 shares of TAL Education Group, while DWS Investments sold 13,434 shares. At present, The Vanguard Group, Inc. is holding 13,178,219 shares valued at $92.91 million. BlackRock Fund Advisors owned 12,377,064 shares of the company at the time of its most recent 13F filing, worth $87.26 million.

According to FactSet, TAL Education Group’s share price will average $7.73 in the next year, based on opinions of analysts polled by the firm. This is up nearly 7.51 percent from its previous closing price of $7.86. Analysts expect TAL Education Group stock to reach the higher price of $10.18, while the lowest price estimate is $2.90. However, 12 analysts have rated TAL stock as an Overweight in their predictions for 2023.


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