Shares of TAL Education Group (NYSE:XRS) reached a new 52-week high during mid-day trading on Wednesday . The stock 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.

XRS has been the topic of several recent research reports. 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. lifted their target price on TAL Education Group from $25.00 to $28.00 and gave the company an “outperform” rating in a research report on Monday, March 28th. Zacks Investment Research raised TAL Education Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 30th. JPMorgan Chase & Co. lifted their target price on 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, Brean Capital downgraded TAL Education Group from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. TAL Education Group has an average rating of “Buy” and an average price target of $50.35.

The firm has a 50-day moving average price of $58.31 and a 200 day moving average price of $52.61. The firm has a market cap of $5.15 billion and a PE ratio of 52.82.

TAL Education Group (NYSE:XRS) last announced its quarterly 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 analysts’ expectations of $169.71 million. TAL Education Group’s revenue for the quarter was up 42.0% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share. On average, analysts forecast that TAL Education Group will post $1.52 EPS for the current year.

Other hedge funds and institutional investors have recently made changes to their positions in the company. Morgan Stanley increased its position in shares of TAL Education Group by 30.3% in the fourth quarter. Morgan Stanley now owns 5,491,316 shares of the company’s stock valued at $255,182,000 after buying an additional 1,278,385 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of TAL Education Group by 12.4% in the fourth quarter. Principal Financial Group Inc. now owns 1,474,020 shares of the company’s stock valued at $68,498,000 after buying an additional 162,576 shares during the last quarter. Bank of Montreal Can increased its position in shares of TAL Education Group by 172.0% in the fourth quarter. Bank of Montreal Can now owns 192,514 shares of the company’s stock valued at $8,946,000 after buying an additional 121,749 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of TAL Education Group during the fourth quarter valued at approximately $5,759,000. Finally, State of New Jersey Common Pension Fund D increased its position in shares of 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 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 China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.