Morgan Stanley Initiates Coverage on TAL Education Group (ADR)(NYSE:XRS). The shares have been rated Overweight. The rating by Morgan Stanley was issued on Apr 14, 2016.
In a different note, On Mar 23, 2016, Credit Suisse said it Downgrades its rating on TAL Education Group (ADR). The shares have been rated ‘Neutral’ by the firm.
TAL Education Group (ADR) (XRS) shares turned negative on Mondays trading session with the shares closing down -0.65 points or -1.17% at a volume of 4,24,204. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $55.88. The peak price level was also seen at $55.88 while the days lowest was $54.52. Finally the shares closed at $54.78. The 52-week high of the shares is $55.97 while the 52-week low is $26.48. According to the latest information available, the market cap of the company is $4,378 M.
TAL Education Group (ADR)(XRS) last announced its earnings results on Jan 27, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $142.18M. Analysts had an estimated revenue of $136.87M. Earnings per share were $0.19. Analysts had estimated an EPS of $0.15.
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 the PRC. The Company offer tutoring services to K-12 students covering core academic subjects including mathematics physics chemistry biology history geography political science English and Chinese among others as well as through its Mobby tutoring services young learners tutoring services for students aged two through eight. It delivers its tutoring services primarily through small classes (including Xueersi Peiyou and Mobby tutoring services) personalized premium services and online course offerings. Its educational network consists of approximately 289 learning centers and approximately 267 service centers in 19 cities throughout China.