Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $69.66 on TAL Education Group (NYSE:XRS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.42 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of TAL Education Group (NYSE:XRS) stands at 54.47.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For TAL Education Group American De, the PEG ratio for coming 3-5 years is 0.94.
The technical analysis highlights that TAL Education Group American De current is trading $1.29 points away or +2.09% from its 50-day moving average of $61.62. Further it is trading $6.36 or +11.24% away its 200-day moving average of $56.55.
The 52-week high of TAL Education Group (NYSE:XRS) was $66.38 while lowest point recorded in 52-week was $29.85. It implies if stock price makes a movement of over $-3.47, it will record a new 52-week high. In the case of +110.75% drop, it will touch a new 52-week low.
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