TAL Education Group (XRS) Upgraded by Zacks Investment Research to “Buy”
TAL Education Group (NYSE:XRS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $80.00 price objective on the stock. Zacks Investment Research’s target price indicates a potential upside of 12.44% from the stock’s previous close.
According to Zacks, “TAL Education Group provides K-12 after-school tutoring service in China. It offers tutoring services to K-12 students covering academic subjects, including mathematics, English, Chinese, physics, chemistry and biology. The Company delivers its tutoring services through small classes, personalized premium services i.e. one-on-one tutoring and online course offerings. Its extensive network consists of learning centers and service centers in Beijing, Shanghai, Shenzhen, Guangzhou, Tianjin and Wuhan, as well as the Company’s online platform. TAL Education Group is headquartered in Beijing, the People’s Republic of China. “
Other equities analysts have also recently issued reports about the stock. Credit Agricole SA cut shares of TAL Education Group from an “outperform” rating to an “underperform” rating in a research report on Wednesday, July 27th. Credit Suisse Group AG restated a “hold” rating and issued a $62.00 target price on shares of TAL Education Group in a research report on Monday, June 27th. Brean Capital started coverage on shares of TAL Education Group in a research report on Wednesday, July 27th. They issued a “buy” rating and a $72.00 target price for the company. Daiwa Capital Markets started coverage on shares of TAL Education Group in a research report on Monday, October 10th. They issued a “buy” rating for the company. Finally, Jefferies Group cut shares of TAL Education Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $56.00 to $64.50 in a research report on Friday, July 8th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $59.83.
Shares of TAL Education Group (NYSE:XRS) traded up 1.87% during trading on Tuesday, reaching $72.48. 175,949 shares of the company’s stock were exchanged. The stock has a market cap of $5.86 billion, a PE ratio of 62.75 and a beta of 0.43. TAL Education Group has a 52-week low of $35.53 and a 52-week high of $73.32. The stock’s 50 day moving average price is $67.44 and its 200-day moving average price is $60.06.
TAL Education Group (NYSE:XRS) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.04. The business earned $195.10 million during the quarter, compared to the consensus estimate of $184.06 million. TAL Education Group had a net margin of 14.17% and a return on equity of 21.29%. The business’s revenue for the quarter was up 50.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 EPS. On average, equities research analysts forecast that TAL Education Group will post $1.46 EPS for the current year.
Large investors have recently bought and sold shares of the company. Sensato Investors LLC raised its stake in TAL Education Group by 52.7% in the first quarter. Sensato Investors LLC now owns 56,818 shares of the company’s stock worth $2,823,000 after buying an additional 19,618 shares during the last quarter. Wealthsource Partners LLC acquired a new stake in TAL Education Group during the first quarter worth $262,000. NINE MASTS CAPITAL Ltd acquired a new stake in TAL Education Group during the first quarter worth $954,000. Nuveen Asset Management LLC acquired a new stake in TAL Education Group during the first quarter worth $3,671,000. Finally, Geode Capital Management LLC raised its stake in TAL Education Group by 5.6% in the first quarter. Geode Capital Management LLC now owns 11,170 shares of the company’s stock worth $548,000 after buying an additional 595 shares during the last quarter. 50.74% of the stock is currently 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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