RISE Education Cayman Ltd (NASDAQ:REDU) has earned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokerages have set a 1-year consensus price target of $12.00 for the company and are predicting that the company will post $0.12 EPS for the current quarter, according to Zacks. Zacks has also given RISE Education Cayman an industry rank of 47 out of 255 based on the ratings given to related companies.
Separately, Zacks Investment Research upgraded RISE Education Cayman from a “sell” rating to a “hold” rating in a report on Friday, January 25th.
Several large investors have recently bought and sold shares of REDU. BlackRock Inc. grew its holdings in shares of RISE Education Cayman by 198.6% during the second quarter. BlackRock Inc. now owns 58,618 shares of the company’s stock worth $827,000 after buying an additional 38,990 shares in the last quarter. Millennium Management LLC bought a new position in shares of RISE Education Cayman during the second quarter worth about $3,367,000. Jane Street Group LLC acquired a new position in RISE Education Cayman during the second quarter valued at approximately $599,000. Northern Trust Corp acquired a new position in RISE Education Cayman during the second quarter valued at approximately $151,000. Finally, Credit Suisse AG boosted its position in RISE Education Cayman by 37.7% during the third quarter. Credit Suisse AG now owns 857,994 shares of the company’s stock valued at $10,150,000 after purchasing an additional 234,685 shares during the last quarter. Institutional investors and hedge funds own 17.41% of the company’s stock.
Shares of NASDAQ:REDU traded down $0.02 during mid-day trading on Thursday, reaching $9.20. 33,401 shares of the stock were exchanged, compared to its average volume of 75,312. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.05 and a current ratio of 1.06. The company has a market cap of $495.00 million, a PE ratio of 93.50 and a beta of 0.62. RISE Education Cayman has a one year low of $6.70 and a one year high of $18.60.
RISE Education Cayman (NASDAQ:REDU) last posted its quarterly earnings data on Thursday, November 15th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.03). The firm had revenue of $50.58 million for the quarter. RISE Education Cayman had a positive return on equity of 12.36% and a negative net margin of 2.35%. On average, research analysts predict that RISE Education Cayman will post 0.42 earnings per share for the current fiscal year.
About RISE Education Cayman
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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