Morgan Stanley & Co. LLC 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 9.16% to 19.22 million shares with purchase of 1.61 million shares. This fresh investment now brings its stake to 3.84% valued currently at $90.55 million. In addition, DWS Investments raised its holdings by 13434.0 to 13.49 million shares. And The Vanguard Group, Inc. has lifted its position by 1.00% or 0.13 million shares – to 13.18 million shares.
With over 6.78 million TAL Education Group (TAL) shares trading Monday and a closing price of $5.05 on the day, the dollar volume was approximately $34.24 million. The shares have shown a positive half year performance of 26.57% and its price on 11/21/22 lost nearly -9.01%. Currently, there are 634.87M common shares owned by the public and among those 352.85M 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: 10 analysts who have offered their price forecasts for TAL have a consensus price objective of $6.00. The analysts have set the share’s price value over the next 12 months at a high of $7.70 and a low of $4.70. The average price target is 10.62% above its recent price level and a downside to the estimated low will see the stock lose -7.45% over that period. But an upside of 34.42% will see the stock hit the forecast high price target while median target price for the stock is $6.15.
The top 3 mutual fund holders in TAL Education Group are KraneShares CSI China Internet ET, Xtrackers SICAV – MSCI World Swa, and AM One Global ESG High Quality Gr. KraneShares CSI China Internet ET owns 12.84 million shares of the company’s stock, all valued at over $60.49 million. The company bought an additional 19026.0 shares recently to bring their total holdings to about 2.56% of the shares outstanding. AM One Global ESG High Quality Gr bought 8.77 million shares to bring its total holdings to over 8.77 million shares at a value of $41.29 million. AM One Global ESG High Quality Gr now owns shares totaling to 1.75% of the shares outstanding.
Shares of TAL Education Group (NYSE: TAL) opened at $5.40, down -$0.15 from a prior closing price of $5.55. However, the script later moved the day high at 5.44, down -9.01%. The company’s stock has a 5-day price change of -2.51% and 8.37% over the past three months. TAL shares are trading 28.50% year to date (YTD), with the 12-month market performance down to -2.13% lower. It has a 12-month low price of $1.60 and touched a high of $6.72 over the same period. TAL has an average intraday trading volume of 6.29 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 4.58%, 5.45%, and 21.34% respectively.
Institutional ownership of TAL Education Group (NYSE: TAL) shares accounts for 57.30% of the company’s 634.87M shares outstanding. Mutual fund holders own 20.12%, while other institutional holders and individual stakeholders account for 36.57% and — respectively.
It has a market capitalization of $2.51B and a beta (3y monthly) value of -0.10. The earnings-per-share (ttm) stands at -$0.39. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.00% over the week and 9.48% over the month.
Analysts forecast that TAL Education Group (TAL) will achieve an EPS of $0.01 for the current quarter, $0.01 for the next quarter and $0.07 for 2024. The lowest estimate earnings-per-share for the quarter is $0 while analysts give the company a high EPS estimate of $0.01. Earnings per share for the fiscal year are expected to decrease by -828.30%, and 913.33% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate TAL Education Group (TAL) as a “Moderate Buy” at a consensus score of 2.60. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 3 of the 10 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 Buy rating for the stock in a research note on November 03, 2022, with the firm’s price target at $4.94-$6.50. BofA Securities coverage for the TAL Education Group (TAL) stock in a research note released on October 31, 2022 offered a Neutral rating with a price target of $4.70. Morgan Stanley on their part issued Overweight rating on March 07, 2022.