TAL Education Group Receives Average Recommendation of “Buy” from Brokerages (NYSE:XRS)
TAL Education Group (NYSE:XRS) has earned a consensus rating of “Buy” from the eight brokerages that are presently covering the stock, AmericanBankingNews.com reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $27.53.
XRS has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of TAL Education Group in a research note on Monday, July 7th. They now have a $42.00 price target on the stock, up previously from $34.00. Separately, 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. Finally, 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.
TAL Education Group (NYSE:XRS) opened at 27.92 on Tuesday. TAL Education Group has a 52-week low of $10.25 and a 52-week high of $29.97. The stock has a 50-day moving average of $26.08 and a 200-day moving average of $23.91. The company has a market cap of $2.202 billion and a P/E ratio of 36.74.
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. On average, analysts predict that TAL Education Group will post $1.06 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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