TAL Education Group Receives “Overweight” Rating from JPMorgan Chase & Co. (XRS)
TAL Education Group (NYSE:XRS)‘s stock had its “overweight” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Monday. They currently have a $42.00 price objective on the stock, up from their previous price objective of $34.00. JPMorgan Chase & Co.’s price target indicates a potential upside of 46.90% from the company’s current price.
TAL Education Group (NYSE:XRS) traded up 2.59% on Monday, hitting $29.33. The stock had a trading volume of 450,752 shares. TAL Education Group has a 1-year low of $10.15 and a 1-year high of $28.90. The stock’s 50-day moving average is $25.1 and its 200-day moving average is $23.58. The company has a market cap of $2.313 billion and a P/E ratio of 37.62.
TAL Education Group (NYSE:XRS) last released its earnings data on Tuesday, April 22nd. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue 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.
A number of other analysts have also recently weighed in on XRS. Analysts at Zacks upgraded shares of TAL Education Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 24th. They now have a $29.10 price target on the stock. 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. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. TAL Education Group presently has an average rating of “Buy” and an average price target of $27.53.
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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