TAL Education Group (XRS) Upgraded at Zacks Investment Research
TAL Education Group (NYSE:XRS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday.
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. “
XRS has been the subject of a number of other research reports. Brean Capital reaffirmed a “buy” rating on shares of TAL Education Group in a report on Tuesday, September 6th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $62.00 target price on shares of TAL Education Group in a report on Monday, June 27th. Credit Agricole SA lowered TAL Education Group from an “outperform” rating to an “underperform” rating in a report on Wednesday, July 27th. Finally, Jefferies Group lowered TAL Education Group from a “buy” rating to a “hold” rating and lifted their target price for the company from $56.00 to $64.50 in a report on Friday, July 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $55.50.
Shares of TAL Education Group (NYSE:XRS) traded down 0.99% on Wednesday, reaching $69.22. 218,234 shares of the company were exchanged. The firm has a market capitalization of $5.60 billion, a PE ratio of 59.93 and a beta of 0.75. TAL Education Group has a 12-month low of $30.90 and a 12-month high of $71.98. The stock’s 50-day moving average is $64.08 and its 200 day moving average is $58.14.
TAL Education Group (NYSE:XRS) last posted its earnings results on Tuesday, July 26th. The company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.04. The company had revenue of $195.10 million for the quarter, compared to analysts’ expectations of $184.06 million. TAL Education Group had a net margin of 14.17% and a return on equity of 21.29%. The firm’s quarterly revenue was up 50.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.28 EPS. On average, analysts forecast that TAL Education Group will post $1.42 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Nuveen Asset Management LLC acquired a new position in shares of TAL Education Group during the first quarter valued at approximately $3,671,000. Geode Capital Management LLC raised its position in shares of TAL Education Group by 5.6% in the first quarter. Geode Capital Management LLC now owns 11,170 shares of the company’s stock valued at $548,000 after buying an additional 595 shares during the last quarter. AXA acquired a new position in shares of TAL Education Group during the first quarter valued at approximately $2,683,000. Pictet Asset Management Ltd. raised its position in shares of TAL Education Group by 8.1% in the first quarter. Pictet Asset Management Ltd. now owns 73,230 shares of the company’s stock valued at $3,790,000 after buying an additional 5,500 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its position in shares of TAL Education Group by 25.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 93,100 shares of the company’s stock valued at $4,625,000 after buying an additional 18,600 shares during the last quarter. 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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