TAL Education Group (NYSE:XRS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.
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. “
XRS has been the subject of several other research reports. Brean Capital reaffirmed a “buy” rating on shares of TAL Education Group in a report on Tuesday, September 6th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $62.00 price target on shares of TAL Education Group in a report on Monday, June 27th. Credit Agricole SA cut TAL Education Group from an “outperform” rating to an “underperform” rating in a report on Wednesday, July 27th. Finally, Jefferies Group cut TAL Education Group from a “buy” rating to a “hold” rating and upped their price target for the company from $56.00 to $64.50 in a report on Friday, July 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $55.50.
TAL Education Group (NYSE:XRS) opened at 70.37 on Wednesday. The firm’s 50-day moving average price is $64.64 and its 200-day moving average price is $58.31. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 60.93 and a beta of 0.75. TAL Education Group has a 12 month low of $31.19 and a 12 month high of $71.98.
TAL Education Group (NYSE:XRS) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.29 by $0.04. The firm earned $195.10 million during the quarter, compared to analyst estimates of $184.06 million. TAL Education Group had a net margin of 14.17% and a return on equity of 21.29%. The company’s revenue was up 50.8% on a year-over-year basis. During the same period last year, the company earned $0.28 EPS. Equities research analysts predict that TAL Education Group will post $1.42 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC acquired a new stake in TAL Education Group during the first quarter worth approximately $3,671,000. Geode Capital Management LLC raised its stake in TAL Education Group by 5.6% in the first quarter. Geode Capital Management LLC now owns 11,170 shares of the company’s stock worth $548,000 after buying an additional 595 shares during the period. AXA acquired a new stake in TAL Education Group during the first quarter worth approximately $2,683,000. Pictet Asset Management Ltd. raised its stake in TAL Education Group by 8.1% in the first quarter. Pictet Asset Management Ltd. now owns 73,230 shares of the company’s stock worth $3,790,000 after buying an additional 5,500 shares during the period. Finally, Edmond DE Rothschild Holding S.A. raised its stake in TAL Education Group by 25.0% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 93,100 shares of the company’s stock worth $4,625,000 after buying an additional 18,600 shares during the period. Institutional investors and hedge funds own 50.74% of the company’s stock.
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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