RISE Education Cayman Ltd (NASDAQ:REDU) has received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus price target of $18.00 for the company and are anticipating that the company will post $0.12 earnings per share for the current quarter, according to Zacks. Zacks has also assigned RISE Education Cayman an industry rank of 93 out of 255 based on the ratings given to related companies.
REDU has been the topic of several recent research reports. Zacks Investment Research lowered shares of RISE Education Cayman from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. ValuEngine lowered shares of RISE Education Cayman from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, Credit Suisse Group initiated coverage on shares of RISE Education Cayman in a report on Tuesday, May 29th. They issued an “outperform” rating on the stock.
Shares of REDU traded up $0.14 during trading hours on Monday, reaching $10.14. 226,867 shares of the company traded hands, compared to its average volume of 122,273. The firm has a market capitalization of $550.00 million and a PE ratio of 101.40. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.12 and a quick ratio of 1.11. RISE Education Cayman has a 12-month low of $9.50 and a 12-month high of $18.60.
RISE Education Cayman (NASDAQ:REDU) last announced its quarterly earnings data on Thursday, August 16th. The company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. RISE Education Cayman had a negative net margin of 2.68% and a positive return on equity of 20.71%. The firm had revenue of $45.37 million for the quarter. research analysts anticipate that RISE Education Cayman will post 0.49 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the business. Truvestments Capital LLC purchased a new stake in RISE Education Cayman in the second quarter valued at $148,000. Trexquant Investment LP acquired a new position in shares of RISE Education Cayman in the second quarter worth about $191,000. Point72 Asset Management L.P. acquired a new position in shares of RISE Education Cayman in the second quarter worth about $328,000. Jane Street Group LLC acquired a new position in shares of RISE Education Cayman in the second quarter worth about $599,000. Finally, BlackRock Inc. raised its position in shares of RISE Education Cayman by 198.6% in the second quarter. BlackRock Inc. now owns 58,618 shares of the company’s stock worth $827,000 after acquiring an additional 38,990 shares during the period. 17.61% of the stock is currently owned by institutional investors.
RISE Education Cayman Company Profile
RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand name in the People's Republic of China. The company offers a range of educational programs, services, and products, including educational courses, sale of course materials, franchise services, and study tours.
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