TAL Education Group (XRS) Sees Strong Trading Volume
Shares of TAL Education Group (NYSE:XRS) saw an uptick in trading volume on Friday . 747,060 shares were traded during mid-day trading, an increase of 14% from the previous session’s volume of 656,236 shares.The stock last traded at $63.58 and had previously closed at $63.70.
A number of brokerages recently issued reports on XRS. JPMorgan Chase & Co. upped their price objective on shares of TAL Education Group from $63.00 to $67.00 and gave the stock an “overweight” rating in a report on Tuesday, April 19th. Jefferies Group cut shares of TAL Education Group from a “buy” rating to a “hold” rating and upped their price objective for the stock from $56.00 to $64.50 in a report on Friday, July 8th. Morgan Stanley began coverage on shares of TAL Education Group in a report on Thursday, April 14th. They issued an “overweight” rating and a $58.00 price objective for the company. Credit Suisse Group AG reiterated a “hold” rating and issued a $62.00 price objective on shares of TAL Education Group in a report on Monday, June 27th. Finally, Brean Capital cut shares of TAL Education Group from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. TAL Education Group currently has a consensus rating of “Buy” and a consensus price target of $50.35.
The company’s 50-day moving average price is $58.55 and its 200 day moving average price is $52.75. The company has a market capitalization of $5.14 billion and a price-to-earnings ratio of 52.73.
TAL Education Group (NYSE:XRS) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by $0.03. The company had revenue of $175 million for the quarter, compared to analyst estimates of $169.71 million. The firm’s revenue for the quarter was up 42.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.24 EPS. On average, equities research analysts forecast that TAL Education Group will post $1.52 EPS for the current fiscal year.
A number of hedge funds and institutional investors have added to or reduced their stakes in the stock. Morgan Stanley increased 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 during the period. Principal Financial Group Inc. increased its position in 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 worth $68,498,000 after buying an additional 162,576 shares during the period. Marshall Wace LLP acquired a new position in TAL Education Group during the fourth quarter worth $5,759,000. Bank of Montreal Can increased its position in TAL Education Group by 172.0% in the fourth quarter. Bank of Montreal Can now owns 192,514 shares of the company’s stock worth $8,946,000 after buying an additional 121,749 shares during the period. Finally, Russell Frank Co acquired a new position in TAL Education Group during the fourth quarter worth $2,304,000.
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.