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

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

Brokerages have set a one year consensus price target of $12.00 for the company and are predicting 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 102 out of 256 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised RISE Education Cayman from a “sell” rating to a “hold” rating in a report on Wednesday, December 19th.

Institutional investors have recently bought and sold shares of the company. Truvestments Capital LLC bought a new stake in RISE Education Cayman during the 2nd quarter worth $148,000. Northern Trust Corp bought a new stake in RISE Education Cayman during the 2nd quarter worth $151,000. Point72 Asset Management L.P. bought a new stake in RISE Education Cayman during the 2nd quarter worth $328,000. Jane Street Group LLC bought a new stake in RISE Education Cayman during the 2nd quarter worth $599,000. Finally, BlackRock Inc. grew its position in shares of RISE Education Cayman by 198.6% in the 2nd quarter. BlackRock Inc. now owns 58,618 shares of the company’s stock valued at $827,000 after buying an additional 38,990 shares during the last quarter. 17.41% of the stock is owned by institutional investors.

Shares of NASDAQ REDU opened at $8.26 on Monday. The firm has a market capitalization of $441.65 million, a price-to-earnings ratio of 82.60 and a beta of 0.07. 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 fifty-two week low of $6.70 and a fifty-two week high of $18.60.

RISE Education Cayman (NASDAQ:REDU) last posted its quarterly earnings results on Thursday, November 15th. The company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). RISE Education Cayman had a positive return on equity of 12.36% and a negative net margin of 2.35%. The business had revenue of $50.58 million for the quarter. As a group, equities research analysts forecast that RISE Education Cayman will post 0.42 EPS for the current fiscal 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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