The stock of TAL Education Group (ADR) (NYSE:XRS) reached all time high today, Oct, 18 and still has $110.41 target or 52.00% above today’s $72.64 share price. This indicates more upside for the $5.79B company. This technical setup was reported by Barchart.com. If the $110.41 PT is reached, the company will be worth $3.01B 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 140,457 shares traded hands. TAL Education Group (ADR) (NYSE:XRS) has risen 38.13% since March 15, 2016 and is uptrending. It has outperformed by 32.64% 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 rating was initiated by Credit Suisse with “Outperform” on Thursday, January 14. Credit Agricole downgraded TAL Education Group (ADR) (NYSE:XRS) on Friday, April 29 to “Outperform” rating. Brean Capital downgraded the stock to “Hold” rating in Friday, May 6 report. The stock has “Buy” rating given by Jefferies on Friday, October 23. The company was reinitiated on Friday, July 8 by Jefferies. As per Friday, April 29, the company rating was downgraded by CLSA. The firm earned “Buy” rating on Wednesday, July 27 by Brean Capital. The firm has “Buy” rating by TH Capital given on Tuesday, September 22. The company was initiated on Thursday, April 14 by Morgan Stanley. The rating was downgraded by CLSA to “Underperform” on Wednesday, July 27.
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 Quotes.Wsj.com with their article: “DOW JONES, A NEWS CORP COMPANY” published on February 11, 2011, Investorplace.com published: “XRS: TAL Education Group Is the Next Wave of Chinese Schooling” on April 22, 2015. More interesting news about TAL Education Group (ADR) (NYSE:XRS) were released by: Barrons.com and their article: “TAL Education: It’s Time to Take Profits” published on May 18, 2016 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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