Zacks Investment Research upgraded shares of TAL Education Group (NYSE:XRS) from a hold rating to a buy rating in a research note issued to investors on Wednesday. They currently have $85.00 price objective on the stock.

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. “

A number of other equities analysts have also recently issued reports on the company. T.H. Capital increased their price target on TAL Education Group from $75.00 to $79.00 and gave the stock a buy rating in a report on Friday, October 21st. Daiwa Capital Markets began coverage on TAL Education Group in a report on Monday, October 10th. They set a buy rating on the stock. Brean Capital restated a buy rating on shares of TAL Education Group in a report on Tuesday, September 6th. Finally, Credit Suisse Group AG upgraded TAL Education Group from a neutral rating to an outperform rating in a report on Friday, October 28th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $63.39.

Analyst Recommendations for TAL Education Group (NYSE:XRS)

TAL Education Group (NYSE:XRS) opened at 76.53 on Wednesday. TAL Education Group has a one year low of $41.34 and a one year high of $83.68. The company’s 50-day moving average is $75.39 and its 200-day moving average is $64.67. The firm has a market capitalization of $6.20 billion, a P/E ratio of 72.68 and a beta of 0.39.

TAL Education Group (NYSE:XRS) last released its earnings results on Thursday, October 27th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.17. The business earned $271.10 million during the quarter, compared to the consensus estimate of $250.52 million. TAL Education Group had a net margin of 11.41% and a return on equity of 17.35%. The company’s revenue for the quarter was up 56.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.78 EPS. Equities analysts forecast that TAL Education Group will post $1.47 earnings per share for the current fiscal year.

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Large investors have recently made changes to their positions in the company. Catalyst Capital Advisors LLC purchased a new stake in shares of TAL Education Group during the third quarter valued at $113,000. DekaBank Deutsche Girozentrale raised its stake in shares of TAL Education Group by 228.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,300 shares of the company’s stock valued at $138,000 after buying an additional 1,600 shares during the period. Seven Eight Capital LLC purchased a new stake in shares of TAL Education Group during the second quarter valued at $168,000. Alta Advisers Ltd raised its stake in shares of TAL Education Group by 385.7% in the second quarter. Alta Advisers Ltd now owns 3,400 shares of the company’s stock valued at $211,000 after buying an additional 2,700 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of TAL Education Group by 97.1% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,450 shares of the company’s stock valued at $214,000 after buying an additional 1,700 shares during the period. 52.04% 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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