TAL Education Group Rating Increased to Outperform at Zacks (XRS)
TAL Education Group (NYSE:XRS) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a note issued to investors on Tuesday. The firm currently has a $29.10 price objective on the stock. Zacks‘s target price indicates a potential upside of 7.82% from the company’s current price.
A number of other firms have also recently commented on XRS. Analysts at Deutsche Bank initiated coverage on shares of TAL Education Group in a research note on Monday, May 5th. They set a “buy” rating and a $32.00 price target on the stock. Analysts at JPMorgan Chase & Co. initiated coverage on shares of TAL Education Group in a research note on Monday, April 14th. They set an “overweight” rating and a $32.00 price target on the stock. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. TAL Education Group presently has a consensus rating of “Buy” and an average target price of $26.10.
Shares of TAL Education Group (NYSE:XRS) traded up 0.26% during mid-day trading on Tuesday, hitting $27.06. The stock had a trading volume of 742,010 shares. TAL Education Group has a 52-week low of $9.50 and a 52-week high of $27.41. The stock’s 50-day moving average is $24.23 and its 200-day moving average is $23.1. The company has a market cap of $2.134 billion and a price-to-earnings ratio of 35.51.
TAL Education Group (NYSE:XRS) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.07. The company had revenue of $87.00 million for the quarter, compared to the consensus estimate of $85.42 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 46.0% on a year-over-year basis. Analysts expect that TAL Education Group will post $1.05 EPS for the current fiscal year.
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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