Bright Scholar Education Holdngs Ltd-ADR (BEDU) Given Average Recommendation of “Hold” by Brokerages

Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) has been given a consensus recommendation of “Hold” by the six analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $17.00.

Several equities research analysts have recently commented on BEDU shares. Morgan Stanley lowered Bright Scholar Education Holdngs from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 2nd. ValuEngine lowered Bright Scholar Education Holdngs from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. TheStreet lowered Bright Scholar Education Holdngs from a “c-” rating to a “d” rating in a research note on Monday, August 13th. Zacks Investment Research raised Bright Scholar Education Holdngs from a “sell” rating to a “hold” rating in a research note on Friday, November 9th. Finally, Goldman Sachs Group started coverage on Bright Scholar Education Holdngs in a research note on Monday. They set a “neutral” rating on the stock.

Several large investors have recently made changes to their positions in the company. Indus Capital Partners LLC boosted its stake in shares of Bright Scholar Education Holdngs by 8.2% during the 2nd quarter. Indus Capital Partners LLC now owns 2,585,370 shares of the company’s stock worth $42,995,000 after acquiring an additional 195,700 shares in the last quarter. OppenheimerFunds Inc. raised its position in shares of Bright Scholar Education Holdngs by 10.9% during the 2nd quarter. OppenheimerFunds Inc. now owns 518,700 shares of the company’s stock worth $8,627,000 after purchasing an additional 50,840 shares during the last quarter. Morgan Stanley raised its position in shares of Bright Scholar Education Holdngs by 14.4% during the 3rd quarter. Morgan Stanley now owns 293,993 shares of the company’s stock worth $3,643,000 after purchasing an additional 37,039 shares during the last quarter. Taikang Asset Management Hong Kong Co Ltd acquired a new position in shares of Bright Scholar Education Holdngs during the 3rd quarter worth approximately $2,483,000. Finally, SG Americas Securities LLC raised its position in shares of Bright Scholar Education Holdngs by 214.4% during the 2nd quarter. SG Americas Securities LLC now owns 112,530 shares of the company’s stock worth $1,871,000 after purchasing an additional 76,738 shares during the last quarter. 13.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of BEDU opened at $11.11 on Monday. Bright Scholar Education Holdngs has a twelve month low of $8.82 and a twelve month high of $23.99. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 37.03 and a beta of 0.75.

Bright Scholar Education Holdngs (NYSE:BEDU) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). The firm had revenue of $57.05 million for the quarter. Bright Scholar Education Holdngs had a return on equity of 11.17% and a net margin of 14.39%. As a group, equities research analysts forecast that Bright Scholar Education Holdngs will post 0.42 earnings per share for the current fiscal year.

Bright Scholar Education Holdngs Company Profile

Bright Scholar Education Holdings Limited operates K-12 schools in China. Its schools comprise international schools, bilingual schools, and kindergartens. The company also offers a range of complementary education services, including international camps and after-school programs. As of May 31, 2018, it had a network of 67 schools with approximately 35,275 students.

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