TAL Education Group (TAL) Got Crushed -2.37% Today. Here’s Why

TAL Education Group (NYSE:TAL) is a stock to watch today. At current price of $35.05, the shares have already lost -0.85 points (-2.37% lower) from its previous close of $35.9. The stock sets an active trading volume day with a reported 852287 contracts so far this session. TAL shares had a relatively better volume day versus average trading capacity of 3.63 million shares, but with a 0 million float and a -0.83% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for TAL stock indicates that the average analyst price target is $39.67 per share. This means the stock has a potential increase of 13.18% from where the TAL share price has been trading recently which is between $35.73 and $36.625. There are some brokerage firms that offer lower targets than the average, with one of them, even setting their price target at $33.

The most recent news story about the stock that appeared in Yahoo Finance‘s news section was titled “TAL Education Group Files Its Annual Report on Form 20-F” and dated May 16, 2019.

During the recent trading session for TAL Education Group (NYSE:TAL), the company witnessed their stock drop by $-0.53 over a week and surge $0.97 from the price 20 days ago. When compared to their established 52-week high of $47.63, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 06/12/18. The recent low of $21.08 stood for a -26.41% since 10/11/18, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0.19 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.

Looking at the current readings for TAL Education Group, the two-week RSI stands at 44.07. This figure suggests that TAL stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current TAL readings is similarly very revealing as it has a stochastic reading of 35.06% at this stage. This figure means that TAL share price today is being neutral.

Technical chart claims that TAL Education Group (TAL) would settle between $36.44/share to $36.98/share level. However, if the stock price goes below the $35.55 mark, then the market for TAL Education Group becomes much weaker. If that happens, the stock price might even plunge as low as $35.19 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.06. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.

Analysts at Daiwa Securities raised their recommendation on shares of TAL from Neutral to Outperform in their opinion released on April 26. Jefferies analysts have lowered their rating of TAL Education Group (NYSE:TAL) stock from Buy to Hold in a separate flash note issued to investors on April 26. Analysts at Macquarie lowered the stock to a Neutral call from its previous Outperform recommendation, in a research note that dated back to April 12.

TAL equity has an average rating of 1.97, with the figure leaning towards a bullish end. 29 analysts who tracked the company were contacted by Reuters. Amongst them, 9 rated the stock as a hold while the remaining 20 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 20 analysts rated TAL Education Group (NYSE:TAL) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.

Moving on, TAL stock price is currently trading at 35.69X forward 12-month Consensus EPS estimates, and its P/S ratio is 14.49 while for the average stock in the same group, the multiple is 2.27. TAL Education Group current P/E ratio of 134.56 means it is trading at a premium against its industry’s 61.31. In the past 5 years, this ratio for the stock has been fluctuating between 20.76 and 65.24.