In the latest trading session, 0.75 million TAL Education Group ADR (NYSE:TAL) shares changed hands as the company’s beta touched -0.01. With the company’s most recent per share price at $14.03 changed hands at -$0.29 or -2.03% at last look, the market valuation stands at $6.43B. TAL’s current price is a discount, trading about -9.05% off its 52-week high of $15.30. The share price had its 52-week low at $7.34, which suggests the last value was 47.68% up since then. When we look at TAL Education Group ADR’s average trading volume, we note the 10-day average is 6.07 million shares, with the 3-month average coming to 7.19 million.
Analysts gave the TAL Education Group ADR (TAL) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.25. If we narrow down to specifics, the data shows that 0 out of 10 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended TAL as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. TAL Education Group ADR’s EPS for the current quarter is expected to be 0.09.
TAL Education Group ADR (NYSE:TAL) trade information
Instantly TAL was in red as seen in intraday trades today. With action 7.18%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 40.02%, with the 5-day performance at 7.18% in the green. However, in the 30-day time frame, TAL Education Group ADR (NYSE:TAL) is -3.24% down. Looking at the short shares, we see there were 42.35 million shares sold at short interest cover period of 5.17 days.
The consensus price target for the stock as assigned by Wall Street analysts is 14.35, meaning bulls need an upside of 2.23% from its recent market value. According to analyst projections, TAL’s forecast low is 3.9 with 68 as the target high. To hit the forecast high, the stock’s price needs a -384.68% plunge from its current level, while the stock would need to tank 72.2% for it to hit the projected low.
TAL Education Group ADR (TAL) estimates and forecasts
Year-over-year growth is forecast to reach 52.50% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 639.89M. 2 analysts are of the opinion that TAL Education Group ADR’s revenue for the current quarter will be 615.14M. The company’s revenue for the corresponding quarters a year ago was 429.56M and 414.19M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 48.96%. The estimates for the next quarter sales put growth at 48.52%.
TAL Education Group ADR (NYSE:TAL)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.00% of TAL Education Group ADR shares while 64.34% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 64.34%. There are 64.34% institutions holding the TAL Education Group ADR stock share, with MORGAN STANLEY the top institutional holder. As of 2024-06-30, the company held 3.6692% of the shares, roughly 22.19 million TAL shares worth $236.77 million.
KRANE FUNDS ADVISORS LLC holds the second largest percentage of outstanding shares, with 3.1969% or 19.33 million shares worth $206.29 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were KraneShares CSI China Internet ETF and Vanguard International Stock Index-Total Intl Stock Indx. With 17.71 shares estimated at $247.98 million under it, the former controlled 2.93% of total outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held about 0.96% of the shares, roughly 5.81 shares worth around $81.28 million.
