TAL Education Group Coverage Initiated at Credit Suisse (XRS)
Credit Suisse assumed coverage on shares of TAL Education Group (NYSE:XRS) in a research note issued on Wednesday. The firm set an “outperform” rating and a $42.00 price target on the stock. Credit Suisse’s price objective would indicate a potential upside of 21.00% from the stock’s previous close.
Shares of TAL Education Group (NYSE:XRS) opened at 34.71 on Wednesday. TAL Education Group has a one year low of $11.70 and a one year high of $35.19. The stock’s 50-day moving average is $30.42 and its 200-day moving average is $25.67. The company has a market cap of $2.737 billion and a P/E ratio of 41.44.
TAL Education Group (NYSE:XRS) last released its 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. Analysts expect that TAL Education Group will post $1.04 EPS for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of TAL Education Group from $32.00 to $43.00 in a research note on Thursday, August 21st. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $32.33.
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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