TAL Education Group (XRS) Sets New 12-Month High at $64.31
TAL Education Group (NYSE:XRS) hit a new 52-week high during trading on Wednesday . The company traded as high as $64.31 and last traded at $63.64, with a volume of 421,012 shares changing hands. The stock had previously closed at $62.08.
A number of equities research analysts recently commented on the stock. Jefferies Group downgraded shares of TAL Education Group from a “buy” rating to a “hold” rating and raised their price objective for the company from $56.00 to $64.50 in a research report on Friday, July 8th. Credit Suisse Group AG restated a “hold” rating and issued a $62.00 price objective on shares of TAL Education Group in a research report on Monday, June 27th. Brean Capital downgraded shares of TAL Education Group from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. JPMorgan Chase & Co. raised 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. Finally, Morgan Stanley assumed coverage on shares of TAL Education Group in a research report on Thursday, April 14th. They issued an “overweight” rating and a $58.00 price objective for the company. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. TAL Education Group presently has a consensus rating of “Buy” and a consensus target price of $50.35.
The firm has a market capitalization of $5.14 billion and a price-to-earnings ratio of 52.69. The firm has a 50-day moving average price of $57.77 and a 200 day moving average price of $52.45.
TAL Education Group (NYSE:XRS) last posted its earnings results on Tuesday, May 3rd. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by $0.03. The business had revenue of $175 million for the quarter, compared to the consensus estimate of $169.71 million. During the same period last year, the company earned $0.24 earnings per share. The firm’s quarterly revenue was up 42.0% on a year-over-year basis. Equities analysts predict that TAL Education Group will post $1.52 earnings per share for the current year.
Several hedge funds have recently bought and sold shares of XRS. Navellier & Associates Inc increased its stake 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 in the last quarter. Employees Retirement System of Texas purchased a new stake in TAL Education Group during the fourth quarter valued at about $1,534,000. Penserra Capital Management LLC purchased a new stake in TAL Education Group during the fourth quarter valued at about $2,113,000. Russell Frank Co purchased a new stake in TAL Education Group during the fourth quarter valued at about $2,304,000. Finally, BNP Paribas Arbitrage SA increased 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 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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