TAL Education Group (XRS) Trading 2.4% Higher
TAL Education Group (NYSE:XRS) was up 2.4% during mid-day trading on Tuesday . The company traded as high as $62.62 and last traded at $62.06, with a volume of 450,845 shares. The stock had previously closed at $60.58.
A number of equities research analysts recently issued reports on XRS shares. Morgan Stanley downgraded 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 target on TAL Education Group from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Monday, March 28th. Credit Suisse Group AG reissued a “hold” rating and set a $62.00 price target on shares of TAL Education Group in a research report on Monday, June 27th. Jefferies Group downgraded TAL Education Group from a “buy” rating to a “hold” rating and increased their price target for the stock from $56.00 to $64.50 in a research report on Friday, July 8th. Finally, JPMorgan Chase & Co. increased their price target on TAL Education Group from $63.00 to $67.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 19th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $50.35.
The stock has a market capitalization of $5.01 billion and a P/E ratio of 51.33. The company’s 50-day moving average price is $57.64 and its 200 day moving average price is $52.38.
TAL Education Group (NYSE:XRS) last posted its quarterly 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. During the same quarter in the previous year, the business earned $0.24 earnings per share. The company had revenue of $175 million for the quarter, compared to the consensus estimate of $169.71 million. The company’s revenue for the quarter was up 42.0% compared to the same quarter last year. On average, equities analysts predict that TAL Education Group will post $1.52 earnings per share for the current fiscal year.
Several large investors recently bought and sold shares of XRS. Russell Frank Co bought a new stake in TAL Education Group during the fourth quarter worth approximately $2,304,000. Neuberger Berman Group LLC acquired a new position in TAL Education Group during the fourth quarter worth $6,915,000. California Public Employees Retirement System raised its position 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 worth $4,498,000 after buying an additional 3,300 shares in the last quarter. Penserra Capital Management LLC acquired a new position in TAL Education Group during the fourth quarter worth $2,113,000. Finally, Morgan Stanley raised its position in TAL Education Group by 30.3% in the fourth quarter. Morgan Stanley now owns 5,491,316 shares of the company’s stock worth $255,182,000 after buying an additional 1,278,385 shares in 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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