Shares of TAL Education Group (NYSE:XRS) were down 2.3% during mid-day trading on Tuesday . The company traded as low as $60.20 and last traded at $60.40, with a volume of 309,982 shares. The stock had previously closed at $61.81.

A number of analysts recently issued reports on XRS shares. Credit Suisse Group AG downgraded shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research report on Wednesday, March 23rd. Morgan Stanley downgraded shares of TAL Education Group from an “outperform” rating to an “equal weight” rating in a research report on Monday, March 28th. Oppenheimer Holdings Inc. increased their price objective on shares of TAL Education Group from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Monday, March 28th. Zacks Investment Research raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 30th. Finally, JPMorgan Chase & Co. increased their price objective on shares of TAL Education Group from $63.00 to $67.00 and gave the company an “overweight” rating in a research report on Tuesday, April 19th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. TAL Education Group currently has a consensus rating of “Buy” and an average price target of $50.35.

The firm has a market capitalization of $4.85 billion and a P/E ratio of 49.76. The company’s 50-day moving average is $57.06 and its 200-day moving average is $51.91.

TAL Education Group (NYSE:XRS) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.03. During the same period last year, the company posted $0.24 EPS. The firm earned $175 million during the quarter, compared to analyst estimates of $169.71 million. TAL Education Group’s revenue was up 42.0% compared to the same quarter last year. On average, equities analysts anticipate that TAL Education Group will post $1.53 earnings per share for the current year.

Several large investors have recently made changes to their positions in XRS. Morgan Stanley raised its stake in shares of TAL Education Group by 30.3% in the fourth quarter. Morgan Stanley now owns 5,491,316 shares of the company’s stock valued at $255,182,000 after buying an additional 1,278,385 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of TAL Education Group by 12.4% in the fourth quarter. Principal Financial Group Inc. now owns 1,474,020 shares of the company’s stock worth $68,498,000 after buying an additional 162,576 shares during the last quarter. Neuberger Berman Group LLC bought a new position in shares of TAL Education Group during the fourth quarter worth $6,915,000. Marshall Wace LLP bought a new position in shares of TAL Education Group during the fourth quarter worth $5,759,000. Finally, Bank of Montreal Can increased its position in shares of TAL Education Group by 172.0% in the fourth quarter. Bank of Montreal Can now owns 192,514 shares of the company’s stock worth $8,946,000 after buying an additional 121,749 shares during the last quarter.

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.

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