TAL Education Group (XRS) Trading 2.1% Higher
Shares of TAL Education Group (NYSE:XRS) traded up 2.1% during mid-day trading on Thursday . The stock traded as high as $61.47 and last traded at $61.02, with a volume of 562,388 shares trading hands. The stock had previously closed at $59.76.
Several analysts have recently issued reports on the stock. Jefferies Group lowered shares of TAL Education Group from a “buy” rating to a “hold” rating and boosted their price target for the company from $56.00 to $64.50 in a research report on Friday, July 8th. Credit Agricole SA lowered shares of TAL Education Group from an “outperform” rating to an “underperform” rating in a research report on Wednesday, July 27th. Brean Capital assumed coverage on shares of TAL Education Group in a research report on Wednesday, July 27th. They issued a “buy” rating and a $72.00 price target on the stock. Credit Suisse Group AG reissued a “hold” rating and issued a $62.00 price target on shares of TAL Education Group in a research report on Monday, June 27th. Finally, Zacks Investment Research lowered shares of TAL Education Group from a “hold” rating to a “strong sell” rating in a research report on Saturday, July 30th. Two equities research 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. TAL Education Group presently has a consensus rating of “Hold” and an average price target of $53.55.
The company has a market capitalization of $4.92 billion and a price-to-earnings ratio of 52.67. The company has a 50-day moving average price of $61.46 and a 200-day moving average price of $56.08.
TAL Education Group (NYSE:XRS) last announced its quarterly earnings results on Tuesday, July 26th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by $0.04. The firm had revenue of $195.10 million for the quarter, compared to analysts’ expectations of $184.06 million. The firm’s revenue was up 50.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 earnings per share. Equities analysts expect that TAL Education Group will post $1.42 earnings per share for the current year.
An institutional investor recently bought a new position in TAL Education Group stock. Employees Retirement System of Texas purchased a new position in shares of TAL Education Group (NYSE:XRS) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 33,000 shares of the company’s stock, valued at approximately $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.