Zacks: OneSmart International Edun Gr Ltd – (NYSE:ONE) Given $8.40 Average Target Price by Brokerages

OneSmart International Edun Gr Ltd – (NYSE:ONE) has received a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.

Brokerages have set a twelve-month consensus price objective of $8.40 for the company and are expecting that the company will post $0.17 earnings per share for the current quarter, according to Zacks. Zacks has also given OneSmart International Edun Gr an industry rank of 52 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research cut OneSmart International Edun Gr from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th.

NYSE ONE traded down $0.08 during trading hours on Thursday, hitting $7.88. 91,400 shares of the company were exchanged, compared to its average volume of 162,819. The stock has a 50-day moving average price of $7.86. OneSmart International Edun Gr has a 52 week low of $6.71 and a 52 week high of $12.38. The stock has a market capitalization of $1.28 billion, a PE ratio of -7.73 and a beta of 0.43.

An institutional investor recently raised its position in OneSmart International Edun Gr stock. Morgan Stanley grew its holdings in shares of OneSmart International Edun Gr Ltd – (NYSE:ONE) by 6.5% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 239,958 shares of the business services provider’s stock after buying an additional 14,743 shares during the quarter. Morgan Stanley owned 0.15% of OneSmart International Edun Gr worth $2,141,000 at the end of the most recent reporting period. 31.21% of the stock is currently owned by institutional investors and hedge funds.

About OneSmart International Edun Gr

OneSmart International Education Group Limited provides tutoring services for kindergarten and primary, middle, and high schools (K12) in the People's Republic of China. The company offers young children services, including Chinese language and computer programming under the HappyMath brand; and English tutoring services focusing on early childhood under the brand FasTrack English brand.

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