TAL Education Group (XRS) Given Consensus Rating of “Buy” by Brokerages
Shares of TAL Education Group (NYSE:XRS) have been given a consensus rating of “Buy” by the eleven brokerages that are covering the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $55.21.
A number of analysts recently issued reports on XRS shares. Brean Capital reissued a “buy” rating on shares of TAL Education Group in a research report on Tuesday, September 6th. Zacks Investment Research raised shares of TAL Education Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $62.00 price objective on shares of TAL Education Group in a research report on Monday, June 27th. Credit Agricole SA downgraded shares of TAL Education Group from an “outperform” rating to an “underperform” rating in a research report on Wednesday, July 27th. Finally, Daiwa Capital Markets assumed coverage on shares of TAL Education Group in a research report on Monday, October 10th. They issued a “buy” rating for the company.
Several hedge funds have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale boosted its position in shares of TAL Education Group by 228.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,300 shares of the company’s stock valued at $138,000 after buying an additional 1,600 shares during the period. Seven Eight Capital LLC purchased a new position in shares of TAL Education Group during the second quarter valued at about $168,000. Alta Advisers Ltd boosted its position in shares of TAL Education Group by 385.7% in the second quarter. Alta Advisers Ltd now owns 3,400 shares of the company’s stock valued at $211,000 after buying an additional 2,700 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of TAL Education Group by 97.1% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,450 shares of the company’s stock valued at $214,000 after buying an additional 1,700 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in shares of TAL Education Group during the second quarter valued at about $217,000. 50.74% of the stock is owned by institutional investors and hedge funds.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/17/tal-education-group-xrs-given-consensus-rating-of-buy-by-brokerages.html
Shares of TAL Education Group (NYSE:XRS) traded down 1.59% during trading on Monday, hitting $71.10. 326,054 shares of the stock were exchanged. The company has a market cap of $5.75 billion, a price-to-earnings ratio of 61.56 and a beta of 0.43. TAL Education Group has a 12-month low of $35.53 and a 12-month high of $73.23. The firm has a 50 day moving average of $67.15 and a 200-day moving average of $59.76.
TAL Education Group (NYSE:XRS) last posted its earnings results on Tuesday, July 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.04. The business had revenue of $195.10 million for the quarter, compared to analyst estimates of $184.06 million. TAL Education Group had a return on equity of 21.29% and a net margin of 14.17%. The firm’s revenue for the quarter was up 50.8% compared to the same quarter last year. During the same period last year, the company posted $0.28 EPS. On average, analysts forecast that TAL Education Group will post $1.46 earnings per share for the current year.
About TAL Education Group
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.
Receive News & Ratings for TAL Education Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TAL Education Group and related companies with MarketBeat.com's FREE daily email newsletter.