TAL Education Group (XRS) Shares Up 1.7%
Shares of TAL Education Group (NYSE:XRS) shot up 1.7% during trading on Wednesday . The company traded as high as $61.10 and last traded at $60.78, with a volume of 345,858 shares. The stock had previously closed at $59.75.
A number of brokerages have commented on XRS. Credit Agricole SA lowered TAL Education Group from an “outperform” rating to an “underperform” rating in a report on Wednesday, July 27th. Brean Capital began coverage on TAL Education Group in a report on Wednesday, July 27th. They set a “buy” rating and a $72.00 price objective for the company. Jefferies Group lowered TAL Education Group from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $56.00 to $64.50 in a report on Friday, July 8th. Zacks Investment Research lowered TAL Education Group from a “hold” rating to a “strong sell” rating in a report on Saturday, July 30th. Finally, JPMorgan Chase & Co. upped their target price on TAL Education Group from $63.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, April 19th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $53.55.
The company’s 50-day moving average is $60.62 and its 200-day moving average is $54.26. The stock has a market cap of $4.90 billion and a price-to-earnings ratio of 52.49.
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 Thomson Reuters’ consensus estimate of $0.29 by $0.04. The business had revenue of $195.10 million for the quarter, compared to analyst estimates of $184.06 million. TAL Education Group’s revenue for the quarter was up 50.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 EPS. Analysts expect that TAL Education Group will post $1.42 EPS for the current year.
Other institutional investors have added to or reduced their stakes in the company. Employees Retirement System of Texas acquired 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 acquired 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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