Zacks: Analysts Set $8.00 Target Price for OneSmart International Edun Gr Ltd – (ONE)

Shares of OneSmart International Edun Gr Ltd – (NYSE:ONE) have received an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.

Brokerages have set a 1-year consensus price target of $8.00 for the company and are forecasting that the company will post ($0.01) earnings per share for the current quarter, according to Zacks. Zacks has also assigned OneSmart International Edun Gr an industry rank of 100 out of 257 based on the ratings given to its competitors.

Separately, Zacks Investment Research cut shares of OneSmart International Edun Gr from a “hold” rating to a “sell” rating in a research report on Friday.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley lifted its position in OneSmart International Edun Gr by 6.5% in the 3rd quarter. Morgan Stanley now owns 239,958 shares of the business services provider’s stock valued at $2,141,000 after acquiring an additional 14,743 shares in the last quarter. Standard Life Aberdeen plc lifted its position in OneSmart International Edun Gr by 1.3% in the 3rd quarter. Standard Life Aberdeen plc now owns 2,382,940 shares of the business services provider’s stock valued at $21,268,000 after acquiring an additional 30,240 shares in the last quarter. Sensato Investors LLC lifted its position in OneSmart International Edun Gr by 437.1% in the 3rd quarter. Sensato Investors LLC now owns 62,300 shares of the business services provider’s stock valued at $556,000 after acquiring an additional 50,700 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in OneSmart International Edun Gr in the 3rd quarter valued at about $138,000. Finally, GSA Capital Partners LLP bought a new position in OneSmart International Edun Gr in the 3rd quarter valued at about $102,000. 20.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of ONE stock traded up $0.06 on Tuesday, reaching $7.81. 178,100 shares of the company were exchanged, compared to its average volume of 255,071. OneSmart International Edun Gr has a one year low of $6.91 and a one year high of $16.00.

OneSmart International Edun Gr Company Profile

OneSmart International Education Group Limited provides tutoring services for kindergarten and primary, middle, and high schools in the People's Republic of China. It offers young children services, including Chinese language and computer programming under the HappyMath brand; and English tutoring services focusing on early childhood under the brand FasTrack English brand.

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