Zacks: Puxin Limited (NEW) Receives Average Recommendation of “Strong Buy” from Analysts

Shares of Puxin Limited (NYSE:NEW) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a one year consensus target price of $26.00 for the company, according to Zacks. Zacks has also assigned Puxin an industry rank of 92 out of 255 based on the ratings given to its competitors.

Shares of NEW stock traded up $1.08 during trading hours on Wednesday, hitting $12.00. The company’s stock had a trading volume of 89,522 shares, compared to its average volume of 204,594. Puxin has a twelve month low of $5.00 and a twelve month high of $35.00. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.24.

Puxin (NYSE:NEW) last released its quarterly earnings results on Tuesday, March 5th. The company reported ($0.36) EPS for the quarter. The business had revenue of $77.30 million during the quarter. Puxin had a negative net margin of 38.08% and a negative return on equity of 191.04%.

Hedge funds have recently added to or reduced their stakes in the company. Citigroup Inc. purchased a new position in shares of Puxin during the fourth quarter valued at approximately $211,000. Hillhouse Capital Advisors Ltd. purchased a new position in shares of Puxin during the fourth quarter valued at approximately $2,896,000. Morgan Stanley lifted its stake in shares of Puxin by 3,473.1% during the third quarter. Morgan Stanley now owns 855,246 shares of the company’s stock valued at $7,475,000 after buying an additional 831,310 shares during the period. Finally, TB Alternative Assets Ltd. purchased a new position in shares of Puxin during the fourth quarter valued at approximately $17,609,000. Institutional investors and hedge funds own 8.73% of the company’s stock.

About Puxin

Puxin Limited, through its subsidiaries, provides after-school education services in China. It offers a range of K-12 and study-abroad tutoring programs designed to help students prepare for admission tests and applications for top schools, universities, and graduate programs in China and other countries.

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