ValuEngine Upgrades Puxin (NYSE:NEW) to “Buy”

ValuEngine upgraded shares of Puxin (NYSE:NEW) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, ValuEngine reports.

NEW has been the subject of several other research reports. Goldman Sachs Group downgraded shares of Puxin from a buy rating to a neutral rating and set a $28.43 price objective for the company. in a research report on Tuesday, May 7th. DA Davidson raised shares of Puxin from a neutral rating to a buy rating in a research report on Thursday, May 2nd.

NYSE:NEW opened at $6.52 on Wednesday. The company has a 50 day simple moving average of $6.07 and a two-hundred day simple moving average of $6.95. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.37 and a quick ratio of 0.37. Puxin has a fifty-two week low of $5.00 and a fifty-two week high of $14.60.

Puxin (NYSE:NEW) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.30) EPS for the quarter. The company had revenue of $92.20 million for the quarter. Puxin had a negative return on equity of 126.33% and a negative net margin of 30.00%.

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in Puxin during the 2nd quarter valued at $622,000. Citadel Advisors LLC bought a new position in Puxin during the 2nd quarter valued at $332,000. Ward Ferry Management BVI Ltd lifted its stake in Puxin by 62.1% during the 2nd quarter. Ward Ferry Management BVI Ltd now owns 2,439,638 shares of the company’s stock valued at $15,321,000 after acquiring an additional 934,600 shares in the last quarter. Finally, Resources Investment Advisors LLC. bought a new position in Puxin during the 2nd quarter valued at $276,000. 9.95% of the stock is owned by institutional investors.

Puxin Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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