Equities research analysts at Daiwa Capital Markets initiated coverage on shares of TAL Education Group (NYSE:XRS) in a research note issued to investors on Monday, The Fly reports. The brokerage set a “buy” rating on the stock.
Several other brokerages also recently commented on XRS. Zacks Investment Research raised TAL Education Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 28th. Credit Agricole SA downgraded TAL Education Group from an “outperform” rating to an “underperform” rating in a research note on Wednesday, July 27th. Brean Capital assumed coverage on TAL Education Group in a research note on Wednesday, July 27th. They issued a “buy” rating and a $72.00 price objective for the company. Jefferies Group downgraded TAL Education Group from a “buy” rating to a “hold” rating and increased their price objective for the stock from $56.00 to $64.50 in a research note on Friday, July 8th. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $62.00 price objective on shares of TAL Education Group in a research note on Monday, June 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $55.50.
Shares of TAL Education Group (NYSE:XRS) opened at 70.49 on Monday. The company has a 50-day moving average price of $66.37 and a 200 day moving average price of $59.42. The company has a market capitalization of $5.70 billion, a P/E ratio of 61.03 and a beta of 0.43. TAL Education Group has a 1-year low of $34.01 and a 1-year high of $72.28.
TAL Education Group (NYSE:XRS) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by $0.04. The company earned $195.10 million during the quarter, compared to analysts’ expectations of $184.06 million. TAL Education Group had a return on equity of 21.29% and a net margin of 14.17%. The business’s revenue for the quarter was up 50.8% compared to the same quarter last year. During the same period last year, the company earned $0.28 earnings per share. Equities research analysts anticipate that TAL Education Group will post $1.46 EPS for the current year.
Institutional investors have recently made changes to their positions in the stock. Sensato Investors LLC raised its position in shares of TAL Education Group by 52.7% in the first quarter. Sensato Investors LLC now owns 56,818 shares of the company’s stock valued at $2,823,000 after buying an additional 19,618 shares during the period. Wealthsource Partners LLC purchased a new position in shares of TAL Education Group during the first quarter valued at $262,000. NINE MASTS CAPITAL Ltd purchased a new position in shares of TAL Education Group during the first quarter valued at $954,000. Nuveen Asset Management LLC purchased a new position in shares of TAL Education Group during the first quarter valued at $3,671,000. Finally, 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 period. 50.74% 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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