TAL Education Group Price Target Raised to $43.00 (XRS)
Research analysts at Deutsche Bank boosted their price target on shares of TAL Education Group (NYSE:XRS) from $32.00 to $43.00 in a report released on Thursday. Deutsche Bank’s price target suggests a potential upside of 24.39% from the stock’s previous close.
A number of other firms have also recently commented on XRS. 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $30.94.
Shares of TAL Education Group (NYSE:XRS) opened at 34.57 on Thursday. TAL Education Group has a 52-week low of $11.70 and a 52-week high of $34.64. 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 $2.726 billion and a price-to-earnings ratio of 41.54.
TAL Education Group (NYSE:XRS) last released its earnings data on Monday, July 21st. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue 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.
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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