Analysts Set $9.88 Target Price for RYB Education Inc – (RYB)

Shares of RYB Education Inc – (NYSE:RYB) have been assigned an average broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. RYB Education’s rating score has declined by 100% from three months ago as a result of various analysts’ upgrades and downgrades.

Analysts have set a 1 year consensus price objective of $9.88 for the company, according to Zacks. Zacks has also assigned RYB Education an industry rank of 88 out of 256 based on the ratings given to its competitors.

A number of brokerages recently commented on RYB. ValuEngine lowered RYB Education from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Morgan Stanley reiterated an “equal weight” rating and issued a $8.50 price objective (down from $23.50) on shares of RYB Education in a research report on Friday, December 7th. Finally, Zacks Investment Research lowered RYB Education from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 4th.

Shares of RYB stock opened at $6.59 on Friday. The stock has a market capitalization of $195.77 million, a P/E ratio of 24.41 and a beta of 0.96. RYB Education has a 12 month low of $5.60 and a 12 month high of $23.79.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its stake in RYB Education by 2,686.1% in the 2nd quarter. BlackRock Inc. now owns 7,439 shares of the company’s stock valued at $146,000 after purchasing an additional 7,172 shares during the period. Citadel Advisors LLC bought a new stake in RYB Education in the 2nd quarter valued at $280,000. Wells Fargo & Company MN boosted its stake in RYB Education by 3,508.5% in the 3rd quarter. Wells Fargo & Company MN now owns 54,127 shares of the company’s stock valued at $1,140,000 after purchasing an additional 52,627 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of RYB Education by 9.5% during the 2nd 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 period. 13.67% of the stock is currently owned by institutional investors and hedge funds.

About RYB Education

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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