TAL Education Group (XRS) Sets New 12-Month High at $66.38
Shares of TAL Education Group (NYSE:XRS) hit a new 52-week high during trading on Tuesday . The company traded as high as $66.38 and last traded at $64.07, with a volume of 819,808 shares traded. The stock had previously closed at $64.47.
A number of brokerages have commented on XRS. Brean Capital downgraded TAL Education Group from a “buy” rating to a “hold” rating in a research report on Friday, May 6th. Morgan Stanley started coverage on TAL Education Group in a report on Thursday, April 14th. They issued an “overweight” rating and a $58.00 target price for the company. Zacks Investment Research raised TAL Education Group from a “sell” rating to a “hold” rating in a report on Wednesday, March 30th. JPMorgan Chase & Co. increased their target price on TAL Education Group from $63.00 to $67.00 and gave the stock an “overweight” rating in a report on Tuesday, April 19th. Finally, Jefferies Group cut TAL Education Group from a “buy” rating to a “hold” rating and increased their target price for the stock from $56.00 to $64.50 in a report on Friday, July 8th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $50.35.
The stock has a market capitalization of $5.16 billion and a P/E ratio of 52.89. The company’s 50 day moving average is $58.81 and its 200-day moving average is $52.99.
TAL Education Group (NYSE:XRS) last issued its quarterly 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 firm had revenue of $195.10 million for the quarter, compared to the consensus estimate of $184.06 million. The firm’s revenue was up 50.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.28 EPS. Equities analysts predict that TAL Education Group will post $1.52 earnings per share for the current fiscal year.
Several 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 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 worth $3,730,000 after buying an additional 36,655 shares in the last quarter. Marshall Wace LLP acquired a new position in TAL Education Group during the fourth quarter worth $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 worth $1,194,000 after buying an additional 1,693 shares in 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 worth $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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