Zacks: Analysts Set $12.00 Target Price for RISE Education Cayman Ltd (NASDAQ:REDU)

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RISE Education Cayman Ltd (NASDAQ:REDU) has received an average broker rating score of 3.00 (Hold) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold rating.

Brokerages have set a 1-year consensus target price of $12.00 for the company and are anticipating that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also given RISE Education Cayman an industry rank of 52 out of 256 based on the ratings given to its competitors.

Separately, Morgan Stanley cut RISE Education Cayman from an “overweight” rating to an “equal weight” rating and set a $9.78 price target for the company. in a research note on Monday, March 25th.

NASDAQ:REDU traded up $0.41 on Thursday, hitting $9.41. 69,182 shares of the company’s stock traded hands, compared to its average volume of 63,881. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.98 and a current ratio of 0.98. RISE Education Cayman has a 1 year low of $6.70 and a 1 year high of $14.79. The firm’s 50-day simple moving average is $9.38. The firm has a market capitalization of $510.95 million, a P/E ratio of 23.65 and a beta of 0.87.

RISE Education Cayman (NASDAQ:REDU) last released its earnings results on Thursday, May 16th. The company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.02. RISE Education Cayman had a return on equity of 35.60% and a net margin of 10.77%. The company had revenue of $49.92 million for the quarter. Analysts predict that RISE Education Cayman will post 0.47 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in REDU. Truvestments Capital LLC bought a new stake in shares of RISE Education Cayman in the 1st quarter valued at approximately $86,000. Northern Trust Corp grew its stake in shares of RISE Education Cayman by 11.7% in the 4th quarter. Northern Trust Corp now owns 12,337 shares of the company’s stock valued at $98,000 after buying an additional 1,295 shares in the last quarter. Finally, BlackRock Inc. grew its stake in shares of RISE Education Cayman by 9.0% in the 4th quarter. BlackRock Inc. now owns 68,128 shares of the company’s stock valued at $542,000 after buying an additional 5,619 shares in the last quarter. 13.65% of the stock is owned by institutional investors and hedge funds.

RISE Education Cayman Company Profile

RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand name in the People's Republic of China. The company offers a range of educational programs, services, and products, including educational courses, sale of course materials, franchise services, and study tours.

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