Shares of RYB Education Inc – (NYSE:RYB) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation. RYB Education’s rating score has improved by 66.7% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Analysts have set a one year consensus target price of $23.75 for the company and are anticipating that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also assigned RYB Education an industry rank of 168 out of 255 based on the ratings given to related companies.
Several research analysts have issued reports on the company. ValuEngine lowered RYB Education from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Morgan Stanley upgraded RYB Education from an “equal weight” rating to an “overweight” rating and set a $24.00 price objective for the company in a research note on Tuesday, October 2nd. Jefferies Financial Group assumed coverage on RYB Education in a research note on Monday, July 23rd. They set a “buy” rating and a $27.00 price objective for the company. Finally, Zacks Investment Research lowered RYB Education from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th.
RYB Education (NYSE:RYB) last issued its earnings results on Tuesday, August 28th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. The business had revenue of $47.48 million during the quarter. RYB Education had a return on equity of 3.55% and a net margin of 2.48%. Research analysts predict that RYB Education will post 0.22 EPS for the current fiscal year.
Institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new position in RYB Education in the second quarter valued at about $280,000. Bank of America Corp DE boosted its holdings in RYB Education by 9.5% in the second quarter. Bank of America Corp DE now owns 162,118 shares of the company’s stock valued at $3,185,000 after acquiring an additional 14,073 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in RYB Education by 2,686.1% in the second quarter. BlackRock Inc. now owns 7,439 shares of the company’s stock valued at $146,000 after acquiring an additional 7,172 shares during the last quarter. Institutional investors and hedge funds own 11.36% of the company’s stock.
RYB Education Company Profile
RYB Education, Inc provides early childhood education service in the People's Republic of China. The company offers kindergarten services to 2-6-year-old children; and play-and-learn centers services for the joint participation of 0-6-year-old children and their families to promote children's development and prepare them for their entry into kindergartens and primary schools.
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