TAL Education Group ADR (TAL) stock price forecast predicts $21.83 value

At the time of writing, TAL Education Group ADR [TAL] stock is trading at $8.02, up 1.52%. An important factor to consider is whether the stock is rising or falling in short-term value. The TAL shares have lost -0.12% over the last week, with a monthly amount drifted -14.22%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, CLSA upgraded its rating to Buy on January 26, 2024. On January 25, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $15 on the stock. Goldman started tracking the stock assigning a Buy rating. Morgan Stanley initiated its recommendation with a Overweight and recommended $10.50 as its price target on November 07, 2023. UBS upgraded its rating to Buy for this stock on October 16, 2023, but kept the price target unchanged to $11.60. In a note dated May 01, 2023, UBS downgraded an Neutral rating on this stock but restated the target price of $6.20.

For the past year, the stock price of TAL Education Group ADR fluctuated between $6.81 and $15.52. Currently, Wall Street analysts expect the stock to reach $21.83 within the next 12 months. TAL Education Group ADR [NYSE: TAL] shares were valued at $8.02 at the most recent close of the market. An investor can expect a potential return of 172.19% based on the average TAL price forecast.

Analyzing the TAL fundamentals

According to TAL Education Group ADR [NYSE:TAL], the company’s sales were 1.63B for trailing twelve months, which represents an 50.37% jump. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.01 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.09.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.91 points at the first support level, and at 7.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.11, and for the 2nd resistance point, it is at 8.21.

Ratios To Look Out For

It is important to note that TAL Education Group ADR [NYSE:TAL] has a current ratio of 2.94. On the other hand, the Quick Ratio is 2.88, and the Cash Ratio is 1.87. Considering the valuation of this stock, the price to sales ratio is 2.25, the price to book ratio is 1.32 and price to earnings (TTM) ratio is 94.02.

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