JP Morgan Chase & Co. (XRS) reaffirms TAL Education Group ratings, with an increased target price.

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By David Scouts on July 9, 2014 Consumer Staples

Tal Education group is a China based after-school tutoring service provider. The company not only provides high quality teaching services but it also makes the students experts in the use and application of technology. TAL Education Group (NYSE:XRS) provides both in-class and online tutoring services, from pre-school to 12^th grade students. The main courses that this company covers include English, Chinese, Physics, Mathematics, Chemistry and Biology.

JP Morgan Chase & Co. released its research and analysis report to investors, traders and clients on Monday. The report reaffirmed TAL Education Group (NYSE:XRS)’s stocks ‘overweight’ rating. The analysts at JP Morgan increased company’s target price from $34 to $42, indicating a potential increase of 46.90 percent in the company’s share prices.

On the last trading day, 7^th July 2014, the company’s shares were opened at a price of $28.82 and closed at an increased price of $29.17, with the highest price touching the figures of $29.97 and the lowest price remaining at the numbers of $28.81. The company has a 52-week high of $29.17 whereas a 52-week low of $10.15. As far as SMA50 and SMA200 of the company’s stocks are concerned, they were recorded at $25.1 and $23.58 respectively, with a total market capitalization of $2.316 billion and P/E ratio of 38.06. The company has an institutional ownership of 35 percent and a beta of 0.89. Moreover, TAL Education Group (NYSE:XRS) has earnings per share of $0.77 and dividend yield of 6.86 percent.

The financial reports of TAL Education Group (NYSE:XRS) for the first quarter of the year were released on April 22, 2014. According to the reports and charts, the company has an earnings per share of $0.24 for the first quarter of the year; the consensus EPS for the first quarter was estimated to be around $0.17. Moreover, the reported revenues for the first quarter were $87 million for the company whereas the estimated consensus revenues were $85.42 million. If compared with the last year’s figures, revenues for the quarter are up by 46 percent. Analysts in the market are of the opinion that the company will have a total EPS of $1.05 for the fiscal year 2014.

Apart from JP Morgan, a lot of other equity and financial research firms have also released their analysis reports about the company’s stocks. Zacks, one of the leading Investment Holding companies, on June 24, updated TAL Education Group (NYSE:XRS) stocks to ‘outperform’ from a previous rating of ‘neutral”. Zacks gave TAL stocks a price target of $29.10.

Previously, on May 5, Deutsche Bank released its research report covering TAL Education Group (NYSE:XRS)’s stocks. The analysts at Deutsche Bank gave the company a ‘buy’ rating with a target price of $32.

Six of the market research firms gave the company’s stocks a ‘buy’ rating whereas one research firm gave the stocks a ‘hold’ rating. As far as the consensus target price of TAL Education Group is concerned, it is reported to be $27.53 with a consensus rating of ‘buy’.