TAL Education Group (XRS) Trading Up 2.4%
TAL Education Group (NYSE:XRS) shares were 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 traded. The stock had previously closed at $60.58.
A number of 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 report on Monday, March 28th. Jefferies Group downgraded TAL Education Group from a “buy” rating to a “hold” rating and increased their price objective for the stock from $56.00 to $64.50 in a report on Friday, July 8th. Credit Suisse Group AG reiterated 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. Finally, Zacks Investment Research upgraded TAL Education Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 30th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $50.35.
The firm has a market capitalization of $5.15 billion and a P/E ratio of 52.83. The company has a 50-day moving average of $58.06 and a 200 day moving average of $52.53.
TAL Education Group (NYSE:XRS) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by $0.03. During the same quarter last year, the company earned $0.24 earnings per share. The firm earned $175 million during the quarter, compared to the consensus estimate of $169.71 million. TAL Education Group’s revenue for the quarter was up 42.0% compared to the same quarter last year. Analysts anticipate that TAL Education Group will post $1.52 earnings per share for the current fiscal year.
Several hedge funds and institutional investors have made changes to their positions in XRS. 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 in the last quarter. Employees Retirement System of Texas purchased a new position in TAL Education Group during the fourth quarter worth $1,534,000. Penserra Capital Management LLC purchased a new position in TAL Education Group during the fourth quarter worth $2,113,000. Russell Frank Co purchased a new position in TAL Education Group during the fourth quarter worth $2,304,000. Finally, BNP Paribas Arbitrage SA increased 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 worth $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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