A significant driver of top-line growth: TAL Education Group (TAL)

TAL Education Group (NYSE: TAL) stock fell -2.16% on Friday to $7.24 against a previous-day closing price of $7.40. With 5.34 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.49 million shares. During the session, the Education & Training Services company that operates in wider Consumer Defensive sector, reached to the highest price of $7.66 whereas the lowest price it dropped to was $7.20. The 52-week range on TAL shows that it touched its highest point at $10.45 and its lowest point at $2.81 during that stretch. It currently has a 1-year price target of $7.13. Beta for the stock currently stands at 0.02.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TAL was up-trending over the past week, with a rise of 0.70%, but this was up by 9.04% over a month. Three-month performance surged to 10.70% while six-month performance rose 20.47%. The stock gained 30.69% in the past year, while it has gained 2.70% so far this year. A look at the trailing 12-month EPS for TAL yields -0.22 with Next year EPS estimates of 0.14.

Float and Shares Shorts:

At present, 633.97 million TAL shares are outstanding with a float of 491.02 million shares on hand for trading. On Aug 30, 2023, short shares totaled 26.55 million, which was 4.16% higher than short shares on Jul 30, 2023. In addition to Mr. Bangxin Zhang as the firm’s Co-Founder, Chairman & CEO, Dr. Zhuangzhuang Peng serves as its Pres & CFO.

Institutional Ownership:

Through their ownership of 60.36% of TAL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 33.29% of TAL, in contrast to 17.11% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in TAL with 3.18% of the stake, Krane Funds Advisors LLC holds 15,593,731 shares worth 15,593,731. A second-largest stockholder of TAL, Bank of America, NA, holds 14,604,587 shares, controlling over 2.97% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in TAL, holding 13,335,375 shares or 2.72% stake. With a 3.39% stake in TAL, the KraneShares CSI China Internet ET is the largest stakeholder. A total of 16,647,337 shares are owned by the mutual fund manager. The Vanguard Emerging Markets Stock I, which owns about 1.25% of TAL stock, is the second-largest Mutual Fund holder. It holds 6,163,703 shares valued at 43.45 million. Vanguard Total International Stoc holds 1.22% of the stake in TAL, owning 6,002,087 shares worth 42.31 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TAL since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TAL analysts setting a high price target of $10.20 and a low target of $6.70, the average target price over the next 12 months is $7.77. Based on these targets, TAL could surge 40.88% to reach the target high and fall by -7.46% to reach the target low. Reaching the average price target will result in a growth of 7.32% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

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