TAL Education Group (XRS) Shares Down 1.6%
TAL Education Group (NYSE:XRS)’s share price traded down 1.6% during trading on Wednesday . The company traded as low as $62.21 and last traded at $62.52, with a volume of 203,130 shares traded. The stock had previously closed at $63.53.
Several brokerages recently issued reports on XRS. Credit Suisse Group AG reissued a “hold” rating and set a $62.00 price target on shares of TAL Education Group in a report on Monday, June 27th. Brean Capital downgraded shares of TAL Education Group from a “buy” rating to a “hold” rating in a report on Friday, May 6th. JPMorgan Chase & Co. lifted their price target on shares of TAL Education Group from $63.00 to $67.00 and gave the company an “overweight” rating in a report on Tuesday, April 19th. Morgan Stanley began coverage on shares of TAL Education Group in a report on Thursday, April 14th. They set an “overweight” rating and a $58.00 price target for the company. Finally, Zacks Investment Research raised shares of TAL Education Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 30th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $48.78.
The company has a market capitalization of $5.06 billion and a PE ratio of 51.82. The firm’s 50 day moving average is $56.05 and its 200-day moving average is $51.47.
TAL Education Group (NYSE:XRS) last posted its earnings results on Tuesday, May 3rd. The company reported $0.23 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by $0.03. The firm had revenue of $175 million for the quarter, compared to analysts’ expectations of $169.71 million. During the same period in the prior year, the business earned $0.24 earnings per share. The company’s revenue was up 42.0% on a year-over-year basis. On average, equities analysts forecast that TAL Education Group will post $1.54 earnings per share for the current fiscal year.
Other hedge funds and institutional investors have modified their holdings of the company. Morgan Stanley raised its position 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 worth $255,182,000 after buying an additional 1,278,385 shares during the period. Principal Financial Group Inc. raised its position 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. Neuberger Berman Group LLC acquired a new position in shares of TAL Education Group during the fourth quarter worth about $6,915,000. Marshall Wace LLP acquired a new position in shares of TAL Education Group during the fourth quarter worth about $5,759,000. Finally, Bank of Montreal Can raised its position 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.
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 the PRC. The Company offer tutoring services to K-12 students covering core academic subjects, including mathematics, physics, chemistry, biology, history, geography, political science, English and Chinese, among others, as well as, through its Mobby tutoring services, young learners tutoring services for students aged two through eight.
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