TAL Education Group (XRS) Lifted to Buy at Zacks Investment Research
TAL Education Group (NYSE:XRS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday. The brokerage presently has a $80.00 price objective on the stock. Zacks Investment Research’s price objective indicates a potential upside of 12.44% from the company’s current price.
According to Zacks, “TAL Education Group provides K-12 after-school tutoring service in China. It offers tutoring services to K-12 students covering academic subjects, including mathematics, English, Chinese, physics, chemistry and biology. The Company delivers its tutoring services through small classes, personalized premium services i.e. one-on-one tutoring and online course offerings. Its extensive network consists of learning centers and service centers in Beijing, Shanghai, Shenzhen, Guangzhou, Tianjin and Wuhan, as well as the Company’s online platform. TAL Education Group is headquartered in Beijing, the People’s Republic of China. “
Other research analysts have also recently issued reports about the company. Daiwa Capital Markets initiated coverage on TAL Education Group in a report on Monday, October 10th. They issued a “buy” rating on the stock. Brean Capital reiterated a “buy” rating on shares of TAL Education Group in a report on Tuesday, September 6th. Jefferies Group cut TAL Education Group from a “buy” rating to a “hold” rating and upped their price objective for the company from $56.00 to $64.50 in a report on Friday, July 8th. Credit Suisse Group AG reiterated a “hold” rating and issued a $62.00 price objective on shares of TAL Education Group in a report on Monday, June 27th. Finally, Credit Agricole SA cut TAL Education Group from an “outperform” rating to an “underperform” rating in a report on Wednesday, July 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. TAL Education Group presently has an average rating of “Buy” and a consensus target price of $59.83.
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Shares of TAL Education Group (NYSE:XRS) traded up 1.90% on Tuesday, hitting $72.50. The stock had a trading volume of 191,179 shares. The stock has a 50 day moving average of $67.44 and a 200 day moving average of $60.06. TAL Education Group has a 12-month low of $35.53 and a 12-month high of $73.32. The firm has a market cap of $5.86 billion, a price-to-earnings ratio of 62.77 and a beta of 0.43.
TAL Education Group (NYSE:XRS) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.25 EPS 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 business earned $195.10 million during the quarter, compared to analyst estimates of $184.06 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s revenue was up 50.8% on a year-over-year basis. Equities analysts predict that TAL Education Group will post $1.46 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of XRS. BlackRock Group LTD raised its stake in TAL Education Group by 84.7% in the second quarter. BlackRock Group LTD now owns 1,325,406 shares of the company’s stock worth $82,254,000 after buying an additional 607,962 shares in the last quarter. 1832 Asset Management L.P. bought a new stake in TAL Education Group during the first quarter worth $47,522,000. Neuberger Berman Group LLC raised its stake in TAL Education Group by 206.1% in the second quarter. Neuberger Berman Group LLC now owns 722,306 shares of the company’s stock worth $44,826,000 after buying an additional 486,339 shares in the last quarter. Greenwoods Asset Management Ltd raised its stake in TAL Education Group by 226.9% in the second quarter. Greenwoods Asset Management Ltd now owns 689,912 shares of the company’s stock worth $42,816,000 after buying an additional 478,870 shares in the last quarter. Finally, TB Alternative Assets Ltd. raised its stake in TAL Education Group by 2,165.7% in the second quarter. TB Alternative Assets Ltd. now owns 453,144 shares of the company’s stock worth $28,122,000 after buying an additional 433,144 shares in the last quarter. 50.74% of the stock is currently owned by institutional investors and hedge funds.
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.
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