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

A number of research analysts recently weighed in on XRS shares. Zacks Investment Research lowered shares of TAL Education Group from a “hold” rating to a “strong sell” rating in a report on Saturday, July 30th. Credit Agricole SA lowered shares of TAL Education Group from an “outperform” rating to an “underperform” rating in a report on Wednesday, July 27th. Credit Suisse Group AG reissued a “hold” rating and issued a $62.00 target price on shares of TAL Education Group in a report on Monday, June 27th. Jefferies Group lowered shares of TAL Education Group from a “buy” rating to a “hold” rating and raised their target price for the company from $56.00 to $64.50 in a report on Friday, July 8th. Finally, Brean Capital assumed coverage on shares of TAL Education Group in a research note on Wednesday, July 27th. They set a “buy” rating and a $72.00 price objective for the company. Two equities 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. TAL Education Group has an average rating of “Hold” and an average target price of $53.55.

The company has a market capitalization of $5.01 billion and a PE ratio of 53.66. The stock’s 50 day moving average price is $61.58 and its 200 day moving average price is $55.50.

TAL Education Group (NYSE:XRS) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by $0.04. During the same period in the previous year, the company posted $0.28 EPS. The firm earned $195.10 million during the quarter, compared to analyst estimates of $184.06 million. The company’s revenue for the quarter was up 50.8% on a year-over-year basis. On average, equities research analysts predict that TAL Education Group will post $1.42 EPS for the current fiscal year.

Several institutional investors have added to or reduced their stakes in XRS. State of New Jersey Common Pension Fund D boosted 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 worth $5,684,000 after buying an additional 5,483 shares in the last quarter. BNP Paribas Arbitrage SA boosted 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 worth $3,730,000 after buying an additional 36,655 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new position in TAL Education Group during the fourth quarter worth $1,534,000.

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.

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