TAL Education Group (NYSE:XRS) shares were down 2.3% during mid-day trading on Tuesday . The stock 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.

Several research analysts have recently issued reports on XRS shares. Morgan Stanley started coverage on shares of TAL Education Group in a research note on Thursday, April 14th. They issued an “overweight” rating and a $58.00 target price on the stock. 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. Brean Capital downgraded shares of TAL Education Group from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. 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. Finally, Zacks Investment Research upgraded shares of TAL Education Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 30th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $50.35.

The firm has a market capitalization of $4.89 billion and a price-to-earnings ratio of 50.15. The company’s 50 day moving average price is $57.26 and its 200 day moving average price is $52.02.

TAL Education Group (NYSE:XRS) last posted its earnings results on Tuesday, May 3rd. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by $0.03. The business had revenue of $175 million for the quarter, compared to analyst estimates of $169.71 million. During the same quarter last year, the business earned $0.24 earnings per share. The business’s revenue for the quarter was up 42.0% on a year-over-year basis. Equities analysts predict that TAL Education Group will post $1.53 EPS for the current year.

Several hedge funds and institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its position in shares of TAL Education Group by 84.1% in the fourth quarter. BNP Paribas Arbitrage SA now owns 80,261 shares of the company’s stock worth $3,730,000 after buying an additional 36,655 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of TAL Education Group during the fourth quarter worth about $5,759,000. Navellier & Associates Inc increased its position in shares of TAL Education Group by 7.1% in the fourth quarter. Navellier & Associates Inc now owns 25,700 shares of the company’s stock worth $1,194,000 after buying an additional 1,693 shares during the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of TAL Education Group by 4.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 122,316 shares of the company’s stock worth $5,684,000 after buying an additional 5,483 shares during the last quarter. Finally, 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.

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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