Analysts Set TAL Education Group (XRS) Target Price at $57.64
Shares of TAL Education Group (NYSE:XRS) have been assigned an average recommendation of “Buy” from the twelve analysts that are presently covering the stock. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $57.64.
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. T.H. Capital upped their target price on TAL Education Group from $75.00 to $79.00 and gave the company a “buy” rating in a research report on Friday, October 21st. Zacks Investment Research raised TAL Education Group from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research report on Tuesday, October 18th. Daiwa Capital Markets started coverage on TAL Education Group in a research report on Monday, October 10th. They issued a “buy” rating for the company. Finally, Credit Suisse Group AG raised TAL Education Group from a “neutral” rating to an “outperform” rating in a research report on Friday, October 28th.
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Shares of TAL Education Group (NYSE:XRS) opened at 77.50 on Monday. The stock has a market capitalization of $6.28 billion, a PE ratio of 73.60 and a beta of 0.39. TAL Education Group has a 52-week low of $41.34 and a 52-week high of $83.68. The stock has a 50 day moving average price of $75.16 and a 200-day moving average price of $64.35.
TAL Education Group (NYSE:XRS) last released its quarterly earnings data on Thursday, October 27th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.17. TAL Education Group had a return on equity of 17.35% and a net margin of 11.41%. The business had revenue of $271.10 million for the quarter, compared to the consensus estimate of $250.52 million. During the same quarter in the prior year, the business posted $0.78 EPS. The business’s revenue for the quarter was up 56.3% on a year-over-year basis. On average, equities research analysts anticipate that TAL Education Group will post $1.47 EPS for the current fiscal year.
Several institutional investors have recently modified their holdings of XRS. Credit Suisse AG increased its position in shares of TAL Education Group by 3.1% in the third quarter. Credit Suisse AG now owns 753,265 shares of the company’s stock worth $53,361,000 after buying an additional 22,910 shares during the period. Xact Kapitalforvaltning AB acquired a new position in shares of TAL Education Group during the third quarter worth about $241,000. Jane Street Group LLC increased its position in shares of TAL Education Group by 163.8% in the third quarter. Jane Street Group LLC now owns 13,671 shares of the company’s stock worth $969,000 after buying an additional 8,489 shares during the period. Panagora Asset Management Inc. increased its position in shares of TAL Education Group by 1.6% in the third quarter. Panagora Asset Management Inc. now owns 3,831 shares of the company’s stock worth $271,000 after buying an additional 59 shares during the period. Finally, Yiheng Capital LLC increased its position in shares of TAL Education Group by 5.4% in the third quarter. Yiheng Capital LLC now owns 389,765 shares of the company’s stock worth $27,611,000 after buying an additional 20,000 shares during the period. 50.01% of the stock is owned by institutional investors and hedge funds.
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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