TAL Education Group Sets New 52-Week High at $35.34 (XRS)
Shares of TAL Education Group (NYSE:XRS) reached a new 52-week high on Tuesday , Stock Ratings Network reports. The company traded as high as $35.34 and last traded at $35.23, with a volume of 739,361 shares. The stock had previously closed at $34.20.
A number of research firms have recently commented on XRS. Analysts at Credit Suisse initiated coverage on shares of TAL Education Group in a research note on Wednesday, August 27th. They set an “outperform” rating and a $42.00 price target on the stock. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. TAL Education Group currently has a consensus rating of “Buy” and a consensus target price of $32.33.
The stock has a 50-day moving average of $30.94 and a 200-day moving average of $25.87. The company has a market cap of $2.748 billion and a P/E ratio of 41.76.
TAL Education Group (NYSE:XRS) last announced its earnings results 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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