Shares of Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) have been assigned an average recommendation of “Hold” from the six research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $14.75.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Bright Scholar Education Holdngs from a “hold” rating to a “sell” rating in a report on Wednesday, January 9th. Goldman Sachs Group began coverage on shares of Bright Scholar Education Holdngs in a report on Monday, December 3rd. They set a “neutral” rating and a $12.50 price objective for the company. Finally, ValuEngine raised shares of Bright Scholar Education Holdngs from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th.
A number of hedge funds have recently made changes to their positions in BEDU. GSA Capital Partners LLP bought a new position in shares of Bright Scholar Education Holdngs in the 2nd quarter worth about $174,000. Highland Capital Management LLC bought a new position in shares of Bright Scholar Education Holdngs in the 3rd quarter worth about $339,000. Taikang Asset Management Hong Kong Co Ltd bought a new position in shares of Bright Scholar Education Holdngs in the 3rd quarter worth about $2,483,000. Renaissance Technologies LLC lifted its position in shares of Bright Scholar Education Holdngs by 26.7% in the 3rd quarter. Renaissance Technologies LLC now owns 108,200 shares of the company’s stock worth $1,341,000 after buying an additional 22,800 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Bright Scholar Education Holdngs in the 3rd quarter worth about $152,000. 13.23% of the stock is owned by institutional investors.
Bright Scholar Education Holdngs (NYSE:BEDU) last released its quarterly earnings results on Thursday, January 17th. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. The business had revenue of $93.43 million during the quarter. Bright Scholar Education Holdngs had a net margin of 14.58% and a return on equity of 11.25%. Equities analysts anticipate that Bright Scholar Education Holdngs will post 0.42 earnings per share for the current year.
About Bright Scholar Education Holdngs
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 well as international education consulting services.
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