TAL Education Group Given “Buy” Rating at Jefferies Group (XRS)
TAL Education Group (NYSE:XRS)‘s stock had its “buy” rating reaffirmed by analysts at Jefferies Group in a research report issued to clients and investors on Wednesday, American Banking News.com reports. They currently have a $20.20 target price on the stock, up from their previous target price of $17.00. Jefferies Group’s target price indicates a potential upside of 14.97% from the stock’s previous close.
Shares of TAL Education Group (NYSE:XRS) traded up 2.68% during mid-day trading on Wednesday, hitting $18.04. The stock had a trading volume of 287,024 shares. TAL Education Group has a 52 week low of $7.29 and a 52 week high of $13.34. The stock has a 50-day moving average of $12.4 and a 200-day moving average of $10.50. The company has a market cap of $1.408 billion and a P/E ratio of 38.20.
TAL Education Group (NYSE:XRS) last posted its quarterly earnings results 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. On average, analysts predict that TAL Education Group will post $0.64 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on XRS. Analysts at T.H. Capital upgraded shares of TAL Education Group from a “hold” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $21.00 price target on the stock. Separately, analysts at Zacks upgraded shares of TAL Education Group from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $16.80 price target on the stock. Finally, analysts at Zacks downgraded shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, September 23rd. They now have a $15.20 price target on the stock. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. TAL Education Group has an average rating of “Buy” and an average price target of $16.77.
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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