TAL Education Group (NYSE:XRS) dropped 3.6% during trading on Wednesday . The company traded as low as $61.65 and last traded at $61.72, with a volume of 208,419 shares. The stock had previously closed at $64.00.

XRS has been the topic of a number of research reports. Brean Capital cut shares of TAL Education Group from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Zacks Investment Research cut shares of TAL Education Group from a “hold” rating to a “strong sell” rating in a report on Saturday, July 30th. Credit Suisse Group AG reissued a “hold” rating and set a $62.00 target price on shares of TAL Education Group in a report on Monday, June 27th. Credit Agricole SA cut shares of TAL Education Group from an “outperform” rating to an “underperform” rating in a report on Wednesday, July 27th. Finally, Jefferies Group cut shares of TAL Education Group from a “buy” rating to a “hold” rating and boosted their target price for the company from $56.00 to $64.50 in a report on Friday, July 8th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $53.55.

The stock has a market capitalization of $4.97 billion and a PE ratio of 53.19. The company’s 50-day moving average price is $61.65 and its 200-day moving average price is $55.41.

TAL Education Group (NYSE:XRS) last issued its earnings results on Tuesday, July 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.04. The company had revenue of $195.10 million for the quarter, compared to the consensus estimate of $184.06 million. The company’s revenue was up 50.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 EPS. Equities research analysts anticipate that TAL Education Group will post $1.42 earnings per share for the current fiscal year.

A number of large investors recently modified their holdings of XRS. Employees Retirement System of Texas bought a new stake in shares of TAL Education Group during the fourth quarter valued at about $1,534,000. BNP Paribas Arbitrage SA boosted its stake in shares of 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 in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted 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 valued at $5,684,000 after buying an additional 5,483 shares in 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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