The stock of TAL Education Group (ADR) (NYSE:XRS) reached all time high today, Oct, 5 and still has $91.72 target or 30.00% above today’s $70.55 share price. This indicates more upside for the $5.69 billion company. This technical setup was reported by Barchart.com. If the $91.72 PT is reached, the company will be worth $1.71 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 215,176 shares traded hands. TAL Education Group (ADR) (NYSE:XRS) has risen 38.52% since March 2, 2016 and is uptrending. It has outperformed by 30.26% the S&P500.
Analysts await TAL Education Group (ADR) (NYSE:XRS) to report earnings on October, 27.
TAL Education Group (ADR) (NYSE:XRS) Ratings Coverage
Out of 10 analysts covering TAL Education (NYSE:XRS), 7 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 70% are positive. TAL Education has been the topic of 15 analyst reports since September 22, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Tuesday, April 19 by JP Morgan. The rating was initiated by Brean Capital on Wednesday, July 27 with “Buy”. As per Thursday, April 14, the company rating was initiated by Morgan Stanley. On Tuesday, September 22 the stock rating was maintained by TH Capital with “Buy”. The company was downgraded on Friday, April 29 by CLSA. As per Friday, July 8, the company rating was reinitiated by Jefferies. The stock of TAL Education Group (ADR) (NYSE:XRS) earned “Neutral” rating by Credit Suisse on Wednesday, March 23. The company was downgraded on Wednesday, July 27 by CLSA. The stock has “Hold” rating given by Brean Capital on Friday, May 6. The firm earned “Outperform” rating on Thursday, January 14 by Credit Suisse.
According to Zacks Investment Research, “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.”
More notable recent TAL Education Group (ADR) (NYSE:XRS) news were published by: Marketwatch.com which released: “TAL Education Group ADR” on November 07, 2010, also Benzinga.com with their article: “Brean Sees A Clear Roadmap To Growth For TAL Education Group” published on July 27, 2016, Quotes.Wsj.com published: “DOW JONES, A NEWS CORP COMPANY” on February 11, 2011. More interesting news about TAL Education Group (ADR) (NYSE:XRS) were released by: Investorplace.com and their article: “XRS: TAL Education Group Is the Next Wave of Chinese Schooling” published on April 22, 2015 as well as Barrons.com‘s news article titled: “TAL Education Is Top of the Class” with publication date: November 13, 2015.
XRS Company Profile
TAL Education Group, incorporated on January 10, 2008, is a holding firm 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 Firm is a K-12 after-school tutoring services well-known provider in China. The Firm offers tutoring services to K-12 students covering academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English and Chinese. As of February 29, 2016, its educational network consisted of 363 learning centers and 292 service centers in 25 cities throughout China, with approximately half of these learning centers and service centers located in Beijing and Shanghai, as well as its online courses and online education platform.
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