TAL Education Group (XRS) Now Covered by Daiwa Capital Markets
Equities research analysts at Daiwa Capital Markets started coverage on shares of TAL Education Group (NYSE:XRS) in a report issued on Monday, The Fly reports. The firm set a “buy” rating on the stock.
Other analysts have also recently issued reports about the stock. Jefferies Group cut shares of TAL Education Group from a “buy” rating to a “hold” rating and raised their price target for the company from $56.00 to $64.50 in a report on Friday, July 8th. Credit Agricole SA cut shares of TAL Education Group from an “outperform” rating to an “underperform” rating in a report on Wednesday, July 27th. Brean Capital assumed coverage on shares of TAL Education Group in a report on Wednesday, July 27th. They issued a “buy” rating and a $72.00 price target on the stock. Credit Suisse Group AG reiterated a “hold” rating and issued a $62.00 target price on shares of TAL Education Group in a research note on Monday, June 27th. Finally, Zacks Investment Research cut shares of TAL Education Group from a “hold” rating to a “strong sell” rating in a research note on Saturday, July 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $55.50.
TAL Education Group (NYSE:XRS) traded up 3.48% during trading on Monday, hitting $71.37. 236,990 shares of the company’s stock were exchanged. TAL Education Group has a 12-month low of $33.71 and a 12-month high of $72.28. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 61.79 and a beta of 0.43. The company’s 50-day moving average price is $65.97 and its 200 day moving average price is $59.08.
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TAL Education Group (NYSE:XRS) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by $0.04. TAL Education Group had a net margin of 14.17% and a return on equity of 21.29%. The firm earned $195.10 million during the quarter, compared to the consensus estimate of $184.06 million. During the same quarter in the prior year, the business posted $0.28 earnings per share. The firm’s quarterly revenue was up 50.8% on a year-over-year basis. Equities analysts forecast that TAL Education Group will post $1.46 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of XRS. Jefferies Group LLC raised its position in TAL Education Group by 0.5% in the second quarter. Jefferies Group LLC now owns 4,822 shares of the company’s stock worth $299,000 after buying an additional 22 shares in the last quarter. Royal Bank of Canada raised its position in TAL Education Group by 1.2% in the first quarter. Royal Bank of Canada now owns 9,417 shares of the company’s stock worth $469,000 after buying an additional 115 shares in the last quarter. BlackRock Japan Co. Ltd raised its position in TAL Education Group by 0.6% in the first quarter. BlackRock Japan Co. Ltd now owns 26,760 shares of the company’s stock worth $1,329,000 after buying an additional 153 shares in the last quarter. Geneva Advisors LLC raised its position in TAL Education Group by 4.8% in the second quarter. Geneva Advisors LLC now owns 7,422 shares of the company’s stock valued at $461,000 after buying an additional 337 shares during the period. Finally, EAM Investors LLC raised its position in TAL Education Group by 2.6% in the second quarter. EAM Investors LLC now owns 14,473 shares of the company’s stock valued at $898,000 after buying an additional 370 shares during the period. 50.74% of the stock is owned by institutional investors.
TAL Education Group Company Profile
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 (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.
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