TAL Education Group (ADR) (NYSE:XRS) Receives a Buy from Brean Capital

Brean Capital analyst Anne Shih reiterated a Buy rating on TAL Education Group (ADR) (NYSE:XRS) today and set a price target of $42. The company’s shares opened today at $35.35.

Shih said, “TAL Education reported another strong quarter, with FY1Q16 results seeing solid growth and beating consensus expectations nicely. Management provided in-line to slightly better revenue guidance for FY2Q16 and maintained a positive outlook on annual revenue growth. We continue to appreciate the company’s excellent brand premium, particularly as it moves into the high- growth online market, and its plans to support strong enrollment growth through new openings in underpenetrated areas, paced expansion into new cities, and product development and partnerships in online/O2O.”

Tal Education has an analyst consensus of Strong Buy.

The company has a one year high of $39.26 and a one year low of $26.11. Currently, Tal Education has an average volume of 415k.

According to TipRanks.com, Shih is a 1-star analyst with an average return of -3.0%and a 41.7% success rate. Shih covers the Services sector, focusing on stocks such as New Oriental Education Tech, China Distance Education, and Tarena International.

TAL Education Group is engaged in providing after-school tutoring programs for primary and secondary school students in China. It delivers its tutoring services through small classes, personalized premium services and online course offerings.