TAL Education Group (XRS) Trading Down 1.7%
TAL Education Group (NYSE:XRS)’s share price traded down 1.7% during trading on Monday . The stock traded as low as $60.58 and last traded at $60.64, with a volume of 207,293 shares trading hands. The stock had previously closed at $61.69.
Several equities analysts have recently commented on the company. Jefferies Group lowered TAL Education Group from a “buy” rating to a “hold” rating and upped their price target for the company from $56.00 to $64.50 in a research note on Friday, July 8th. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $62.00 price target on shares of TAL Education Group in a research note on Monday, June 27th. Morgan Stanley lowered TAL Education Group from an “outperform” rating to an “equal weight” rating in a research note on Monday, March 28th. Zacks Investment Research raised TAL Education Group from a “sell” rating to a “hold” rating in a research note on Wednesday, March 30th. Finally, Oppenheimer Holdings Inc. upped their price target on TAL Education Group from $25.00 to $28.00 and gave the company an “outperform” rating in a research note on Monday, March 28th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. TAL Education Group currently has an average rating of “Buy” and a consensus price target of $50.35.
The company has a market cap of $4.90 billion and a P/E ratio of 50.23. The firm has a 50 day moving average of $57.64 and a 200 day moving average of $52.38.
TAL Education Group (NYSE:XRS) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.26 by $0.03. During the same period last year, the firm earned $0.24 earnings per share. The business earned $175 million during the quarter, compared to the consensus estimate of $169.71 million. The business’s quarterly revenue was up 42.0% compared to the same quarter last year. Analysts expect that TAL Education Group will post $1.52 earnings per share for the current year.
A number of institutional investors recently added to or reduced their stakes in XRS. Navellier & Associates Inc increased its position in TAL Education Group by 7.1% in the fourth quarter. Navellier & Associates Inc now owns 25,700 shares of the company’s stock valued at $1,194,000 after buying an additional 1,693 shares during the last quarter. California Public Employees Retirement System boosted its stake in TAL Education Group by 3.5% in the fourth quarter. California Public Employees Retirement System now owns 96,800 shares of the company’s stock valued at $4,498,000 after buying an additional 3,300 shares during the period. State of New Jersey Common Pension Fund D boosted its stake in 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 valued at $5,684,000 after buying an additional 5,483 shares during the period. Employees Retirement System of Texas acquired a new stake in TAL Education Group during the fourth quarter valued at about $1,534,000. Finally, BNP Paribas Arbitrage SA boosted its stake in TAL Education Group by 84.1% in the fourth quarter. BNP Paribas Arbitrage SA now owns 80,261 shares of the company’s stock valued at $3,730,000 after buying an additional 36,655 shares during the period.
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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