TAL Education Group PT Raised to $17.00 (XRS)
Investment analysts at Oppenheimer hoisted their price objective on shares of TAL Education Group (NYSE:XRS) from $14.00 to $17.00 in a note issued to investors on Monday, ARN reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective suggests a potential upside of 24.63% from the stock’s previous close.
TAL Education Group (NYSE:XRS) opened at 13.64 on Monday. TAL Education Group has a 52-week low of $7.77 and a 52-week high of $14.05. The stock has a 50-day moving average of $12.65 and a 200-day moving average of $10.65. The company has a market cap of $1.065 billion and a P/E ratio of 29.65.
TAL Education Group (NYSE:XRS) last released its earnings data on Monday, July 22nd. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.06. The company had revenue of $61.40 million for the quarter, compared to the consensus estimate of $58.52 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 24.5% on a year-over-year basis. Analysts expect that TAL Education Group will post $0.62 EPS for the current fiscal year.
A number of other firms have also recently commented on XRS. Analysts at Jefferies Group raised their price target on shares of TAL Education Group (NYSE:XRS) from $11.50 to $12.50 in a research note to investors on Tuesday, July 23rd. They now have a “buy” rating on the stock. Analysts at Zacks upgraded shares of TAL Education Group (NYSE:XRS) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, July 2nd. They now have a $11.50 price target on the stock.
One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $13.90.
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 (NYSE:XRS).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.