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TAL Education Group (NYSE:XRS) shares reached a new 52-week high on Friday , AnalystRatingsNetwork reports. The stock traded as high as $28.90 and last traded at $28.59, with a volume of 442,800 shares. The stock had previously closed at $28.50.

A number of research firms have recently commented on XRS. Analysts at Zacks upgraded shares of TAL Education Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, June 24th. They now have a $29.10 price target on the stock. Separately, analysts at Deutsche Bank initiated coverage on shares of TAL Education Group in a research note on Monday, May 5th. They set a “buy” rating and a $32.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. initiated coverage on shares of TAL Education Group in a research note on Monday, April 14th. They set an “overweight” rating and a $32.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $26.10.

The stock has a 50-day moving average of $25.1 and a 200-day moving average of $23.58. The company has a market cap of $2.255 billion and a P/E ratio of 37.50.

TAL Education Group (NYSE:XRS) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.17 by $0.07. The company had revenue of $87.00 million for the quarter, compared to the consensus estimate of $85.42 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 46.0% on a year-over-year basis. On average, analysts predict that TAL Education Group will post $1.05 earnings per share for the current fiscal year.

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 (NYSE:XRS).

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