TAL Education Group Given Average Recommendation of “Buy” by Brokerages (NYSE:XRS)
Shares of TAL Education Group (NYSE:XRS) have received a consensus recommendation of “Buy” from the eight analysts that are covering the stock, Stock Ratings Network reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $29.37.
Shares of TAL Education Group (NYSE:XRS) traded down 1.76% on Tuesday, hitting $33.675. 262,128 shares of the company’s stock traded hands. TAL Education Group has a 1-year low of $11.70 and a 1-year high of $34.30. The stock has a 50-day moving average of $29.46 and a 200-day moving average of $25.22. The company has a market cap of $2.656 billion and a P/E ratio of 41.86.
TAL Education Group (NYSE:XRS) last issued its quarterly earnings data on Monday, July 21st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. The company had revenue of $89.00 million for the quarter, compared to the consensus estimate of $86.90 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 45.0% on a year-over-year basis. Analysts expect that TAL Education Group will post $1.05 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 23rd. They now have a $32.00 price target on the stock. Separately, analysts at T.H. Capital raised their price target on shares of TAL Education Group to $31.00 in a research note on Tuesday, July 22nd. They now have a “buy” rating on the stock. Finally, 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.
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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.