TAL Education Group (NYSE:XRS) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $66.38 and last traded at $64.07, with a volume of 819,808 shares. The stock had previously closed at $64.47.

Several research analysts have issued reports on XRS shares. Zacks Investment Research upgraded TAL Education Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 30th. Brean Capital cut TAL Education Group from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Credit Suisse Group AG reiterated a “hold” rating and issued a $62.00 price objective on shares of TAL Education Group in a research report on Monday, June 27th. Credit Agricole SA cut TAL Education Group from an “outperform” rating to an “underperform” rating in a research report on Wednesday. Finally, Morgan Stanley started coverage on TAL Education Group in a research report on Thursday, April 14th. They issued an “overweight” rating and a $58.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $53.55.

The stock has a market capitalization of $4.99 billion and a price-to-earnings ratio of 53.39. The firm’s 50-day moving average price is $59.18 and its 200 day moving average price is $53.19.

TAL Education Group (NYSE:XRS) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.04. During the same period in the prior year, the firm posted $0.28 EPS. The company earned $195.10 million during the quarter, compared to analysts’ expectations of $184.06 million. TAL Education Group’s revenue was up 50.8% compared to the same quarter last year. On average, equities analysts forecast that TAL Education Group will post $1.47 EPS for the current year.

Other hedge funds have recently made changes to their positions in the company. Morgan Stanley raised its stake 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 period. Principal Financial Group Inc. raised its stake 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 worth $68,498,000 after buying an additional 162,576 shares during the period. Bank of Montreal Can raised its stake 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 worth $8,946,000 after buying an additional 121,749 shares during the period. Marshall Wace LLP bought a new stake in shares of TAL Education Group during the fourth quarter worth about $5,759,000. Finally, State of New Jersey Common Pension Fund D raised its stake 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 worth $5,684,000 after buying an additional 5,483 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 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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