TAL Education Group ADR (NYSE: TAL) Stock Forecast: $68 Per Share In 2024 With Positive Signs

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In today’s recent session, 1.44 million shares of the TAL Education Group ADR (NYSE:TAL) have been traded, and its beta is 0.02. Most recently the company’s share price was $10.63, and it changed around -$0.37 or -3.36% from the last close, which brings the market valuation of the company to $4.86B. TAL at last check was trading at a discount to its 52-week high of $15.52, offering almost -46.0% off that amount. The share price’s 52-week low was $7.34, which indicates that the recent value has risen by an impressive 30.95% since then. We note from TAL Education Group ADR’s average daily trading volume that its 10-day average is 8.89 million shares, with the 3-month average coming to 8.37 million.

TAL Education Group ADR stock received a consensus recommendation rating of Buy, based on a mean score of 1.15. If we narrow it down even further, the data shows that 0 out of 25 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 5 recommended TAL as a Hold, whereas 12 deemed it a Buy, and 0 rated it as Underweight. TAL Education Group ADR is expected to report earnings per share of 0.04 for the current quarter.

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TAL Education Group ADR (NYSE:TAL) trade information

Instantly TAL has been showing red trend so far today with a performance of -3.36% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 11.38 on recent trading dayincreased the stock’s daily price by 6.59%. The company’s shares are currently down -15.84% year-to-date, but still down -6.67% over the last five days. On the other hand, TAL Education Group ADR (NYSE:TAL) is -10.22% down in the 30-day period. We can see from the shorts that 32.4 million shares have been sold at a short interest cover period of 2.75 day(s).

The consensus price target as assigned by Wall Street analysts is $14.35, which translates to bulls needing to increase their stock price by 25.92% from its current value. Analyst projections state that TAL is forecast to be at a low of $3.9 and a high of $68.

TAL Education Group ADR (TAL) estimates and forecasts

TAL Education Group ADR share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -11.71 percent over the past six months and at a 2,600.00% annual growth rate that is well above the industry average of 15.90%. The year-over-year growth rate is expected to be 39.90%, up from the previous year.

Consensus estimates provided by 6 financial analysts predict the company will bring in an average of 510.42M in revenue for the current quarter. 5 analysts expect TAL Education Group ADR to make 559.2M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 30.20%.

TAL Dividends

TAL Education Group ADR’s next quarterly earnings report is expected to be released on 2025-Jan-23.

TAL Education Group ADR (NYSE:TAL)’s Major holders

KRANE FUNDS ADVISORS LLC, with 3.204% or 19.33 million shares worth $206.29 million as of 2024-06-30, holds the second largest percentage of outstanding shares.