TAL Education Group (XRS) Upgraded at Zacks Investment Research
TAL Education Group (NYSE:XRS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm currently has a $85.00 price target on the stock. Zacks Investment Research’s price objective suggests a potential upside of 11.45% from the company’s current price.
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. “
A number of other research analysts have also recently commented on XRS. T.H. Capital boosted their price objective on TAL Education Group from $75.00 to $79.00 and gave the stock a “buy” rating in a research note on Friday, October 21st. Daiwa Capital Markets started coverage on TAL Education Group in a research note on Monday, October 10th. They set a “buy” rating on the stock. Brean Capital restated a “buy” rating on shares of TAL Education Group in a research note on Tuesday, September 6th. Finally, Credit Suisse Group AG upgraded TAL Education Group from a “neutral” rating to an “outperform” rating in a research note on Friday, October 28th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company’s stock. TAL Education Group presently has an average rating of “Buy” and a consensus target price of $62.25.
Shares of TAL Education Group (NYSE:XRS) traded down 0.54% during midday trading on Wednesday, reaching $75.86. The company’s stock had a trading volume of 82,564 shares. TAL Education Group has a 52 week low of $41.34 and a 52 week high of $83.68. The firm’s 50 day moving average is $75.39 and its 200 day moving average is $64.67. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 72.04 and a beta of 0.39.
TAL Education Group (NYSE:XRS) last issued its earnings results on Thursday, October 27th. The company reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.17. TAL Education Group had a return on equity of 17.35% and a net margin of 11.41%. The firm had revenue of $271.10 million for the quarter, compared to analysts’ expectations of $250.52 million. During the same quarter last year, the firm earned $0.78 earnings per share. The firm’s revenue for the quarter was up 56.3% compared to the same quarter last year. Equities analysts forecast that TAL Education Group will post $1.47 EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the stock. Catalyst Capital Advisors LLC purchased a new stake in shares of TAL Education Group during the third quarter valued at $113,000. DekaBank Deutsche Girozentrale raised its stake in shares of TAL Education Group by 228.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,300 shares of the company’s stock valued at $138,000 after buying an additional 1,600 shares in the last quarter. Seven Eight Capital LLC purchased a new stake in shares of TAL Education Group during the second quarter valued at $168,000. Alta Advisers Ltd raised its stake in shares of TAL Education Group by 385.7% in the second quarter. Alta Advisers Ltd now owns 3,400 shares of the company’s stock valued at $211,000 after buying an additional 2,700 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of TAL Education Group by 97.1% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,450 shares of the company’s stock valued at $214,000 after buying an additional 1,700 shares in the last quarter. 52.04% 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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