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

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

Analysts have set a 12 month consensus price objective of $12.00 for the company and are forecasting 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 65 out of 256 based on the ratings given to its competitors.

Separately, Morgan Stanley lifted their target price on Intuit from $225.00 to $245.00 and gave the company an “equal weight” rating in a research note on Monday, March 25th.

NASDAQ:REDU traded down $0.03 during midday trading on Friday, reaching $8.98. 25,607 shares of the company traded hands, compared to its average volume of 67,925. RISE Education Cayman has a twelve month low of $6.70 and a twelve month high of $14.08. The stock has a market capitalization of $511.53 million, a price-to-earnings ratio of 23.71 and a beta of 0.86. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.05. The firm has a fifty day moving average of $9.36.

RISE Education Cayman (NASDAQ:REDU) last released its quarterly earnings data on Thursday, May 16th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.02. The business had revenue of $49.92 million during the quarter. RISE Education Cayman had a return on equity of 35.60% and a net margin of 10.77%. On average, sell-side analysts predict that RISE Education Cayman will post 0.47 earnings per share for the current year.

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

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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