TAL Education Group (XRS) Trading Down 1.7%
TAL Education Group (NYSE:XRS) fell 1.7% on Monday . The company traded as low as $60.58 and last traded at $60.64, with a volume of 207,293 shares. The stock had previously closed at $61.69.
A number of research firms recently weighed in on XRS. Jefferies Group downgraded TAL Education Group from a “buy” rating to a “hold” rating and lifted their target price for the stock from $56.00 to $64.50 in a research report on Friday, July 8th. Credit Suisse Group AG reaffirmed a “hold” rating and set a $62.00 price objective on shares of TAL Education Group in a report on Monday, June 27th. Brean Capital downgraded TAL Education Group from a “buy” rating to a “hold” rating in a report on Friday, May 6th. JPMorgan Chase & Co. lifted their price objective on TAL Education Group from $63.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, April 19th. Finally, Morgan Stanley started coverage on TAL Education Group in a report on Thursday, April 14th. They set an “overweight” rating and a $58.00 price objective on the stock. Four 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 an average price target of $50.35.
The firm has a market cap of $5.17 billion and a price-to-earnings ratio of 53.00. The company has a 50-day moving average of $57.77 and a 200 day moving average of $52.45.
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 Thomson Reuters’ consensus estimate of $0.26 by $0.03. During the same quarter in the prior year, the company posted $0.24 earnings per share. The business had revenue of $175 million for the quarter, compared to analysts’ expectations of $169.71 million. The firm’s revenue for the quarter was up 42.0% on a year-over-year basis. On average, analysts anticipate that TAL Education Group will post $1.52 earnings per share for the current fiscal year.
A number of hedge funds and institutional investors recently added to or reduced their stakes in XRS. Navellier & Associates Inc boosted 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 in the last quarter. California Public Employees Retirement System boosted 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 valued at $4,498,000 after buying an additional 3,300 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position 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 in the last quarter. Employees Retirement System of Texas bought a new position in TAL Education Group during the fourth quarter valued at $1,534,000. Finally, BNP Paribas Arbitrage SA boosted its position 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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