TAL Education Group (XRS) Coverage Initiated at Daiwa Capital Markets
Research analysts at Daiwa Capital Markets initiated coverage on shares of TAL Education Group (NYSE:XRS) in a report issued on Monday, The Fly reports. The firm set a “buy” rating on the stock.
XRS has been the subject of a number of other reports. Brean Capital reiterated a “buy” rating on shares of TAL Education Group in a research note on Tuesday, September 6th. Zacks Investment Research raised shares of TAL Education Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Credit Suisse Group AG reissued a “hold” rating and set a $62.00 price target on shares of TAL Education Group in a research report on Monday, June 27th. Credit Agricole SA lowered shares of TAL Education Group from an “outperform” rating to an “underperform” rating in a research report on Wednesday, July 27th. Finally, Jefferies Group lowered shares of TAL Education Group from a “buy” rating to a “hold” rating and raised their price target for the stock from $56.00 to $64.50 in a research report on Friday, July 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $55.50.
Shares of TAL Education Group (NYSE:XRS) traded up 3.18% during trading on Monday, hitting $71.16. 215,533 shares of the company were exchanged. The firm’s 50-day moving average price is $65.97 and its 200 day moving average price is $59.08. TAL Education Group has a 12 month low of $33.71 and a 12 month high of $72.28. The firm has a market capitalization of $5.76 billion, a PE ratio of 61.61 and a beta of 0.43.
TAL Education Group (NYSE:XRS) last released its earnings results on Tuesday, July 26th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by $0.04. The company earned $195.10 million during the quarter, compared to analyst estimates of $184.06 million. TAL Education Group had a return on equity of 21.29% and a net margin of 14.17%. The firm’s revenue for the quarter was up 50.8% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. On average, equities research analysts expect that TAL Education Group will post $1.46 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in TAL Education Group by 53.0% in the first quarter. BlackRock Inc. now owns 49,827 shares of the company’s stock valued at $2,475,000 after buying an additional 17,267 shares during the period. BlackRock Group LTD boosted its stake in TAL Education Group by 143.2% in the first quarter. BlackRock Group LTD now owns 717,444 shares of the company’s stock worth $35,643,000 after buying an additional 422,434 shares in the last quarter. BlackRock Fund Advisors boosted its stake in TAL Education Group by 12.4% in the first quarter. BlackRock Fund Advisors now owns 558,194 shares of the company’s stock worth $27,731,000 after buying an additional 61,514 shares in the last quarter. BlackRock Japan Co. Ltd boosted its stake in TAL Education Group by 0.6% in the first quarter. BlackRock Japan Co. Ltd now owns 26,760 shares of the company’s stock worth $1,329,000 after buying an additional 153 shares in the last quarter. Finally, 1832 Asset Management L.P. bought a new stake in TAL Education Group during the first quarter worth about $47,522,000. 50.74% of the stock is owned by hedge funds and other institutional investors.
TAL Education Group Company Profile
TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.
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