Trading Report: The TAL Education Group (XRS) Coverage Initiated at Daiwa Capital Markets

The TAL Education Group (XRS) Coverage Initiated at Daiwa Capital Markets

Daiwa Capital Markets initiated coverage on shares of TAL Education Group (NYSE:XRS) in a research report sent to investors on Monday, The Fly reports. The firm issued a buy rating on the stock.

A number of other brokerages also recently issued reports on XRS. Zacks Investment Research upgraded shares of TAL Education Group from a strong sell rating to a hold rating in a report on Wednesday, September 28th. Credit Agricole SA downgraded shares of TAL Education Group from an outperform rating to an underperform rating in a report on Wednesday, July 27th. Brean Capital began coverage on shares of TAL Education Group in a report on Wednesday, July 27th. They issued a buy rating and a $72.00 price target on the stock. Jefferies Group downgraded shares of TAL Education Group from a buy rating to a hold rating and lifted their price target for the company from $56.00 to $64.50 in a report on Friday, July 8th. Finally, Credit Suisse Group AG reiterated a hold rating and issued a $62.00 price target on shares of TAL Education Group in a report on Monday, June 27th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $55.50.

Shares of TAL Education Group (NYSE:XRS) opened at 71.01 on Monday. The stock’s 50 day moving average is $66.85 and its 200-day moving average is $59.59. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 61.48 and a beta of 0.43. TAL Education Group has a 12-month low of $34.97 and a 12-month high of $72.28.

TAL Education Group (NYSE:XRS) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by $0.04. The company earned $195.10 million during the quarter, compared to the consensus estimate of $184.06 million. TAL Education Group had a net margin of 14.17% and a return on equity of 21.29%. The business’s revenue was up 50.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. On average, analysts expect that TAL Education Group will post $1.46 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Fund Advisors increased 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 valued at $27,731,000 after buying an additional 61,514 shares during the last quarter. Sarasin & Partners LLP purchased a new position in shares of TAL Education Group during the second quarter valued at approximately $797,000. Bank of New York Mellon Corp increased its position in shares of TAL Education Group by 18.4% in the second quarter. Bank of New York Mellon Corp now owns 134,415 shares of the company’s stock valued at $8,342,000 after buying an additional 20,876 shares during the last quarter. Wealthsource Partners LLC purchased a new position in shares of TAL Education Group during the first quarter valued at approximately $262,000. Finally, State of New Jersey Common Pension Fund D increased its position in shares of TAL Education Group by 1.4% in the second quarter. State of New Jersey Common Pension Fund D now owns 76,775 shares of the company’s stock valued at $4,764,000 after buying an additional 1,032 shares during the last quarter. 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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