Analysts Set GSX Techedu Inc. (NYSE:GSX) Target Price at $31.00

GSX Techedu Inc. (NYSE:GSX) has earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and seven have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $39.33.

A number of equities research analysts have recently commented on GSX shares. ValuEngine raised GSX Techedu from a “hold” rating to a “buy” rating in a research report on Thursday. 86 Research downgraded GSX Techedu from a “hold” rating to a “sell” rating in a research report on Wednesday, February 12th. Barclays lifted their price objective on GSX Techedu from $20.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday. Goldman Sachs Group started coverage on GSX Techedu in a research report on Tuesday, January 21st. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Citigroup started coverage on GSX Techedu in a research report on Monday, February 3rd. They issued a “buy” rating and a $42.00 price objective for the company.

A number of hedge funds have recently bought and sold shares of GSX. Bank of America Corp DE boosted its position in shares of GSX Techedu by 52.5% in the fourth quarter. Bank of America Corp DE now owns 7,001,260 shares of the company’s stock worth $153,047,000 after buying an additional 2,411,707 shares during the period. Pictet Asset Management Ltd. purchased a new stake in shares of GSX Techedu in the fourth quarter worth about $35,393,000. Sylebra Capital Ltd boosted its position in shares of GSX Techedu by 401.5% in the fourth quarter. Sylebra Capital Ltd now owns 1,897,169 shares of the company’s stock worth $41,472,000 after buying an additional 1,518,869 shares during the period. Citigroup Inc. boosted its position in shares of GSX Techedu by 279.4% in the fourth quarter. Citigroup Inc. now owns 1,726,160 shares of the company’s stock worth $37,734,000 after buying an additional 1,271,160 shares during the period. Finally, Tairen Capital Ltd boosted its position in shares of GSX Techedu by 2,459.3% in the fourth quarter. Tairen Capital Ltd now owns 1,056,356 shares of the company’s stock worth $23,092,000 after buying an additional 1,015,081 shares during the period. 12.17% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:GSX traded down $2.22 during midday trading on Friday, reaching $42.76. The company’s stock had a trading volume of 3,684,068 shares, compared to its average volume of 3,120,021. The firm has a market cap of $8.91 billion and a price-to-earnings ratio of 328.92. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.10. GSX Techedu has a 1 year low of $8.53 and a 1 year high of $45.36. The business has a 50 day moving average price of $32.33 and a 200 day moving average price of $19.92.

GSX Techedu (NYSE:GSX) last announced its quarterly earnings data on Tuesday, February 18th. The company reported $0.79 EPS for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.17. The business had revenue of $935.00 million during the quarter, compared to the consensus estimate of $849.32 million. GSX Techedu had a return on equity of 29.57% and a net margin of 11.62%. The company’s quarterly revenue was up 412.9% on a year-over-year basis. Sell-side analysts anticipate that GSX Techedu will post 0.38 earnings per share for the current fiscal year.

GSX Techedu Company Profile

GSX Techedu Inc operates as an online education company in the People's Republic of China. The company provides online K-12 large-class after-school tutoring services. It offers English courses for children in kindergarten; and courses that help children in grade one through grade seven. The company also provides foreign language courses, including English, Japanese, and Korean, as well as English test preparation courses for students taking post-graduate entrance exams in China; and professional courses primarily for working adults preparing for professional qualification exams comprising teacher's qualification, the Chartered Financial Analyst designation, fund qualification, and securities qualification exams.

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Analyst Recommendations for GSX Techedu (NYSE:GSX)

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