TAL Education Group (XRS) Given Consensus Rating of “Buy” by Brokerages
TAL Education Group (NYSE:XRS) has been given a consensus recommendation of “Buy” by the eleven research firms that are covering the company. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $55.21.
Several equities research analysts recently issued reports on XRS shares. Zacks Investment Research upgraded shares of TAL Education Group from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 28th. Credit Agricole SA cut shares of TAL Education Group from an “outperform” rating to an “underperform” rating in a research report on Wednesday, July 27th. Credit Suisse Group AG restated a “hold” rating and set a $62.00 price objective on shares of TAL Education Group in a research report on Monday, June 27th. Brean Capital started coverage on shares of TAL Education Group in a research report on Wednesday, July 27th. They set a “buy” rating and a $72.00 price objective for the company. Finally, Daiwa Capital Markets started coverage on shares of TAL Education Group in a research report on Monday, October 10th. They set a “buy” rating for the company.
Shares of TAL Education Group (NYSE:XRS) traded down 1.59% during midday trading on Monday, hitting $71.10. 326,054 shares of the stock traded hands. 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 52-week low of $35.53 and a 52-week high of $73.23. The stock has a 50-day moving average of $67.15 and a 200-day moving average of $59.76.
TAL Education Group (NYSE:XRS) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.04. TAL Education Group had a return on equity of 21.29% and a net margin of 14.17%. The firm had revenue of $195.10 million for the quarter, compared to analyst estimates of $184.06 million. During the same quarter in the previous year, the business posted $0.28 earnings per share. TAL Education Group’s revenue for the quarter was up 50.8% on a year-over-year basis. On average, equities analysts predict that TAL Education Group will post $1.46 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in XRS. BlackRock Inc. boosted its position 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 worth $2,475,000 after buying an additional 17,267 shares during the period. BlackRock Group LTD boosted its position in shares of TAL Education Group by 143.2% in the first quarter. BlackRock Group LTD now owns 717,444 shares of the company’s stock worth $35,643,000 after buying an additional 422,434 shares during the period. BlackRock Fund Advisors boosted its position in shares of TAL Education Group by 12.4% in the first quarter. BlackRock Fund Advisors now owns 558,194 shares of the company’s stock worth $27,731,000 after buying an additional 61,514 shares during the period. BlackRock Japan Co. Ltd boosted its position in shares of 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 during the period. Finally, 1832 Asset Management L.P. acquired a new position in shares of TAL Education Group during the first quarter worth $47,522,000. Hedge funds and other 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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