TAL Education Group (XRS) Sees Large Volume Increase
TAL Education Group (NYSE:XRS) shares saw an uptick in trading volume on Friday . 747,060 shares traded hands 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.
Several brokerages have commented on XRS. Jefferies Group cut shares of TAL Education Group from a “buy” rating to a “hold” rating and raised their target price for the stock from $56.00 to $64.50 in a report on Friday, July 8th. Credit Suisse Group AG reissued a “hold” rating and issued a $62.00 price target on shares of TAL Education Group in a research report on Monday, June 27th. Zacks Investment Research raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 30th. Morgan Stanley lowered shares of TAL Education Group from an “outperform” rating to an “equal weight” rating in a research report on Monday, March 28th. Finally, Oppenheimer Holdings Inc. increased their price target on shares of TAL Education Group from $25.00 to $28.00 and gave the stock an “outperform” rating in a research report on Monday, March 28th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.35.
The firm has a market cap of $5.14 billion and a PE ratio of 52.73. The firm’s 50-day moving average is $58.55 and its 200 day moving average is $52.75.
TAL Education Group (NYSE:XRS) last announced its quarterly earnings data 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. The business earned $175 million during the quarter, compared to analysts’ expectations of $169.71 million. The company’s revenue was up 42.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share. On average, equities research analysts expect that TAL Education Group will post $1.52 EPS for the current year.
Several institutional investors recently bought and sold shares of XRS. Employees Retirement System of Texas bought a new position in TAL Education Group during the fourth quarter valued at about $1,534,000. BNP Paribas Arbitrage SA raised 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 during the last quarter. Marshall Wace LLP bought a new position in TAL Education Group during the fourth quarter valued at about $5,759,000. Navellier & Associates Inc raised 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 during the last quarter. Finally, State of New Jersey Common Pension Fund D raised 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 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.
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