TAL Education Group (XRS) Coverage Initiated by Analysts at Daiwa Capital Markets
Other equities analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of TAL Education Group from a strong sell rating to a hold rating in a report on Wednesday, September 28th. Brean Capital restated a buy rating on shares of TAL Education Group in a report on Tuesday, September 6th. Credit Agricole SA downgraded shares of TAL Education Group from an outperform rating to an underperform rating in a report on Wednesday, July 27th. Jefferies Group downgraded shares of 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. Finally, Credit Suisse Group AG restated a hold rating and set a $62.00 price objective on shares of TAL Education Group in a report on Monday, June 27th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $55.50.
TAL Education Group (NYSE:XRS) traded down 0.73% during mid-day trading on Monday, reaching $70.78. 35,315 shares of the company’s stock were exchanged. TAL Education Group has a one year low of $33.87 and a one year high of $72.28. The firm has a market capitalization of $5.72 billion, a P/E ratio of 61.28 and a beta of 0.43. The company’s 50-day moving average is $66.18 and its 200 day moving average is $59.34.
TAL Education Group (NYSE:XRS) last issued 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 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 revenue for the quarter was up 50.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 earnings per share. Equities analysts predict that TAL Education Group will post $1.46 earnings per share for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of TAL Education Group by 53.0% in the first quarter. BlackRock Inc. now owns 49,827 shares of the company’s stock valued at $2,475,000 after buying an additional 17,267 shares in the last quarter. BlackRock Group LTD raised its position in TAL Education Group by 143.2% in the first quarter. BlackRock Group LTD now owns 717,444 shares of the company’s stock valued at $35,643,000 after buying an additional 422,434 shares during the last quarter. BlackRock Fund Advisors raised its position in TAL Education Group by 12.4% in the first quarter. BlackRock Fund Advisors now owns 558,194 shares of the company’s stock valued at $27,731,000 after buying an additional 61,514 shares during 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 valued at $1,329,000 after buying an additional 153 shares during the last quarter. Finally, 1832 Asset Management L.P. acquired a new position in TAL Education Group during the first quarter valued at approximately $47,522,000. Institutional investors own 50.74% of the company’s stock.
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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