TAL Education Group PT Raised to $26.00 (XRS)
Stock analysts at Jefferies Group hoisted their target price on shares of TAL Education Group (NYSE:XRS) to $26.00 in a report issued on Wednesday, AnalystRatingsNetwork.com reports. Jefferies Group’s price target suggests a potential upside of 10.69% from the stock’s previous close.
TAL Education Group (NYSE:XRS) traded up 5.91% on Wednesday, hitting $23.49. 681,827 shares of the company’s stock traded hands. TAL Education Group has a 52 week low of $8.16 and a 52 week high of $23.53. The stock’s 50-day moving average is $20.25 and its 200-day moving average is $15.34. The company has a market cap of $1.838 billion and a price-to-earnings ratio of 39.54.
TAL Education Group (NYSE:XRS) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.32 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was up 35.1% on a year-over-year basis. Analysts expect that TAL Education Group will post $0.67 EPS for the current fiscal year.
XRS has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 24th. They now have a $21.20 price target on the stock. Separately, 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, October 23rd. They now have a $21.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $19.80.
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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