Zacks: Analysts Set $12.00 Price Target for RISE Education Cayman Ltd (REDU)

Shares of RISE Education Cayman Ltd (NASDAQ:REDU) have received an average broker rating score of 3.00 (Hold) from the two analysts that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold rating. RISE Education Cayman’s rating score has declined by 50% in the last three months as a result of a number of analysts’ ratings changes.

Brokerages have set a twelve-month consensus target price of $12.00 for the company and are expecting that the company will post $0.08 earnings per share for the current quarter, according to Zacks. Zacks has also given RISE Education Cayman an industry rank of 72 out of 255 based on the ratings given to its competitors.

REDU has been the topic of several research reports. Morgan Stanley cut RISE Education Cayman from an “overweight” rating to an “equal weight” rating and set a $9.78 price target on the stock. in a report on Monday, March 25th. Zacks Investment Research upgraded RISE Education Cayman from a “sell” rating to a “hold” rating in a report on Friday, January 25th.

NASDAQ:REDU opened at $10.28 on Thursday. The stock has a market cap of $565.40 million, a PE ratio of 27.05 and a beta of 0.70. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 1.14. RISE Education Cayman has a 1-year low of $6.70 and a 1-year high of $18.18.

RISE Education Cayman (NASDAQ:REDU) last released its quarterly earnings results on Thursday, March 14th. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). The firm had revenue of $51.51 million for the quarter. RISE Education Cayman had a return on equity of 37.63% and a net margin of 11.31%. As a group, sell-side analysts anticipate that RISE Education Cayman will post 0.47 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Morgan Stanley boosted its holdings in shares of RISE Education Cayman by 108.9% during the 3rd quarter. Morgan Stanley now owns 2,169,350 shares of the company’s stock worth $25,664,000 after buying an additional 1,130,703 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of RISE Education Cayman by 11.7% during the 4th quarter. Northern Trust Corp now owns 12,337 shares of the company’s stock worth $98,000 after buying an additional 1,295 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of RISE Education Cayman by 9.0% during the 4th quarter. BlackRock Inc. now owns 68,128 shares of the company’s stock worth $542,000 after buying an additional 5,619 shares in the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of RISE Education Cayman during the 1st quarter worth approximately $86,000. Institutional investors and hedge funds own 15.29% of the company’s stock.

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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