TAL Education Group Reaches New 12-Month High at $27.79 (XRS)
Shares of TAL Education Group (NYSE:XRS) reached a new 52-week high during mid-day trading on Tuesday , Stock Ratings Network.com reports. The company traded as high as $27.79 and last traded at $27.74, with a volume of 586,788 shares traded. The stock had previously closed at $26.99.
A number of analysts have recently weighed in on XRS shares. Analysts at Zacks upgraded shares of TAL Education Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $29.10 price target on the stock. Separately, 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. Finally, 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 issued a buy rating to the company’s stock. TAL Education Group presently has an average rating of “Buy” and a consensus price target of $26.10.
The stock has a 50-day moving average of $24.23 and a 200-day moving average of $23.1. The company has a market cap of $2.133 billion and a price-to-earnings ratio of 35.51.
TAL Education Group (NYSE:XRS) last released its 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. On average, analysts predict that TAL Education Group will post $1.05 earnings per share 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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