TAL Education Group (XRS) Shares Up 2.1%
TAL Education Group (NYSE:XRS) shot up 2.1% on Thursday . The stock traded as high as $61.47 and last traded at $61.02, with a volume of 562,388 shares. The stock had previously closed at $59.76.
Several research firms recently issued reports on XRS. Brean Capital cut shares of TAL Education Group from a “buy” rating to a “hold” rating in a report on Friday, May 6th. Jefferies Group cut shares of TAL Education Group from a “buy” rating to a “hold” rating and increased their price target for the stock from $56.00 to $64.50 in a report on Friday, July 8th. 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. 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, 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. 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. The stock currently has an average rating of “Hold” and an average target price of $53.55.
The stock’s 50-day moving average price is $61.51 and its 200 day moving average price is $56.12. The company has a market capitalization of $5.08 billion and a P/E ratio of 54.40.
TAL Education Group (NYSE:XRS) last released its earnings results on Tuesday, July 26th. The company reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.04. During the same period in the prior year, the firm earned $0.28 earnings per share. The firm had revenue of $195.10 million for the quarter, compared to the consensus estimate of $184.06 million. The business’s revenue was up 50.8% on a year-over-year basis. Equities analysts anticipate that TAL Education Group will post $1.42 EPS for the current year.
A hedge fund recently raised its stake in TAL Education Group stock. BNP Paribas Arbitrage SA raised its stake in shares of TAL Education Group (NYSE:XRS) by 84.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,261 shares of the company’s stock after buying an additional 36,655 shares during the period. BNP Paribas Arbitrage SA owned about 0.10% of TAL Education Group worth $3,730,000 as of its most recent filing with the SEC.
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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