TAL Education Group ADR (NYSE:TAL) price on current trading day, rose 1.27% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $13.54.
A look at the stock’s price movement, the close in the last trading session was $13.37. The PE ratio in trailing twelve months stood at 69.76. Turning to its 52-week performance, $15.32 and $7.34 were the 52-week high and 52-week low respectively. Overall, TAL moved 12.55% over the past month.
TAL Education Group ADR’s market cap currently stands at around $6.20 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 639.89M for the company’s revenue for the quarter, with a low and high estimate of 612.62M and 676M respectively. The average forecast suggests up to a 48.96% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 2.27B, representing a 52.50% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that TAL is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
10 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 7 recommend TAL as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
TAL’s current price about 0.37% and 18.81% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 57.32, while 7-day volatility ratio is 5.28% and 5.12% in the 30-day chart. Further, TAL Education Group ADR (TAL) has a beta value of 0.05, and an average true range (ATR) of 0.71. Analysts have given the company’s stock an average 52-week price target of $14.350000000000001, forecast between a low of $3.9 and high of $68. Looking at the price targets, the low is 71.2% off current price level while to achieve the yearly target high, price needs to move -402.22%. Nonetheless, investors will most likely welcome a -5.98% jump to $14.350000000000001 which is the analysts’ median price.
If we refocus on TAL Education Group ADR (NYSE:TAL), historical trading data shows that trading volumes averaged 7.26 million over the past 3 months. The company’s latest data on shares outstanding shows there are 458.10 million shares.
The 3.20% of TAL Education Group ADR’s shares are in the hands of company insiders while institutional holders own 63.12% of the company’s shares. Current price change has pushed the stock 35.13% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the TAL stock continues to rise going into the next quarter.
