Zacks: RISE Education Cayman Ltd (REDU) Given Average Rating of “Buy” by Brokerages

Shares of RISE Education Cayman Ltd (NASDAQ:REDU) have been assigned a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Brokerages have set a 12 month consensus target price of $12.00 for the company and are expecting 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 88 out of 257 based on the ratings given to related companies.

A number of research firms have issued reports on REDU. Zacks Investment Research lowered RISE Education Cayman from a “buy” rating to a “sell” rating in a report on Friday, October 5th. UBS Group lowered RISE Education Cayman from a “buy” rating to a “neutral” rating in a report on Thursday, September 6th.

Several hedge funds have recently made changes to their positions in REDU. Truvestments Capital LLC bought a new stake in shares of RISE Education Cayman in the 2nd quarter worth approximately $148,000. Northern Trust Corp bought a new stake in shares of RISE Education Cayman in the 2nd quarter worth approximately $151,000. Trexquant Investment LP bought a new stake in shares of RISE Education Cayman in the 2nd quarter worth approximately $191,000. Point72 Asset Management L.P. bought a new stake in shares of RISE Education Cayman in the 2nd quarter worth approximately $328,000. Finally, Jane Street Group LLC bought a new stake in shares of RISE Education Cayman in the 2nd quarter worth approximately $599,000. Institutional investors own 17.41% of the company’s stock.

REDU traded up $0.07 during midday trading on Thursday, reaching $8.60. The company’s stock had a trading volume of 24,500 shares, compared to its average volume of 157,371. The firm has a market capitalization of $469.15 million, a P/E ratio of 86.00 and a beta of -0.36. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 1.17. RISE Education Cayman has a twelve month low of $7.40 and a twelve month high of $18.60.

RISE Education Cayman (NASDAQ:REDU) last released its earnings results 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 business had revenue of $50.58 million during the quarter. RISE Education Cayman had a negative net margin of 2.35% and a positive return on equity of 12.36%. As a group, analysts anticipate that RISE Education Cayman will post 0.42 earnings per share for the current 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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