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TAL Education Group (NYSE:XRS) shares reached a new 52-week high during trading on Friday , StockRatingsNetwork.com reports. The stock traded as high as $30.36 and last traded at $29.86, with a volume of 633,971 shares. The stock had previously closed at $29.45.

A number of analysts have recently weighed in on XRS shares. Analysts at Zacks downgraded shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 23rd. They now have a $32.00 price target on the stock. Separately, analysts at T.H. Capital raised their price target on shares of TAL Education Group to $31.00 in a research note on Tuesday, July 22nd. They now have a “buy” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of TAL Education Group in a research note on Monday, July 7th. They now have a $42.00 price target on the stock, up previously from $34.00. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $29.37.

The stock has a 50-day moving average of $27.62 and a 200-day moving average of $24.47. The company has a market cap of $2.369 billion and a price-to-earnings ratio of 35.96.

TAL Education Group (NYSE:XRS) last issued its quarterly earnings data on Monday, July 21st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. The company had revenue of $89.00 million for the quarter, compared to the consensus estimate of $86.90 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 45.0% on a year-over-year basis. Analysts expect that TAL Education Group will post $1.04 EPS 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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