Zacks: RISE Education Cayman Ltd (REDU) Given Consensus Recommendation of “Strong Buy” by Analysts

RISE Education Cayman Ltd (NASDAQ:REDU) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus price target of $18.00 for the company and are predicting that the company will post $0.11 EPS for the current quarter, according to Zacks. Zacks has also assigned RISE Education Cayman an industry rank of 107 out of 255 based on the ratings given to related companies.

A number of brokerages have recently issued reports on REDU. Zacks Investment Research raised RISE Education Cayman from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research note on Wednesday, April 4th. UBS Group assumed coverage on RISE Education Cayman in a research note on Thursday, June 7th. They set a “buy” rating for the company. Finally, Credit Suisse Group assumed coverage on RISE Education Cayman in a report on Tuesday, May 29th. They issued an “outperform” rating on the stock.

Shares of RISE Education Cayman traded down $0.11, reaching $12.67, during trading hours on Friday, Marketbeat reports. 74,300 shares of the company’s stock were exchanged, compared to its average volume of 193,827. The company has a market cap of $715.00 million and a price-to-earnings ratio of 126.70. RISE Education Cayman has a 1 year low of $9.50 and a 1 year high of $18.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 1.59.

RISE Education Cayman (NASDAQ:REDU) last issued its earnings results on Thursday, May 10th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.45. The business had revenue of $43.07 million for the quarter. equities analysts forecast that RISE Education Cayman will post 0.48 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new stake in shares of RISE Education Cayman in the 4th quarter worth approximately $149,000. Morse Asset Management Inc acquired a new stake in shares of RISE Education Cayman in the 1st quarter worth approximately $221,000. Finally, Millennium Management LLC acquired a new stake in shares of RISE Education Cayman in the 4th quarter worth approximately $2,126,000. Institutional investors and hedge funds own 10.46% of the company’s stock.

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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