TAL Education Group Hits New 52-Week High on Analyst Upgrade (XRS)
Shares of TAL Education Group (NYSE:XRS) hit a new 52-week high on Thursday after Deutsche Bank raised their price target on the stock from $32.00 to $43.00, ARN reports. The stock traded as high as $35.19 and last traded at $34.35, with a volume of 276,263 shares changing hands. The stock had previously closed at $34.57.
Other equities research analysts have also recently issued reports about 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $30.94.
The stock has a 50-day moving average of $29.83 and a 200-day moving average of $25.36. The company has a market cap of $2.715 billion and a P/E ratio of 42.21.
TAL Education Group (NYSE:XRS) last issued its quarterly earnings data on Monday, July 21st. The company reported $0.22 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.13 earnings per share. TAL Education Group’s revenue was up 45.0% compared to the same quarter last year. On average, analysts predict that TAL Education Group will post $1.04 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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