TAL Education Group Upgraded to “Outperform” at Zacks (XRS)
TAL Education Group (NYSE:XRS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Tuesday, AmericanBankingNews.com reports. The firm currently has a $16.80 price target on the stock. Zacks‘ price objective points to a potential upside of 5.53% from the company’s current price.
Shares of TAL Education Group (NYSE:XRS) traded up 7.47% on Tuesday, hitting $17.11. 645,225 shares of the company’s stock traded hands. TAL Education Group has a 1-year low of $8.16 and a 1-year high of $16.22. The stock has a 50-day moving average of $14.05 and a 200-day moving average of $11.49. The company has a market cap of $1.336 billion and a P/E ratio of 34.61.
TAL Education Group (NYSE:XRS) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.03. The company had revenue of $92.00 million for the quarter, compared to the consensus estimate of $90.12 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 35.1% on a year-over-year basis.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of TAL Education Group in a research note to investors on Thursday, September 26th. They now have a $17.50 price target on the stock, up previously from $12.50. Analysts at Oppenheimer raised their price target on shares of TAL Education Group from $14.00 to $17.00 in a research note to investors on Monday, September 23rd. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $15.62.
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).
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