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

Shares of RISE Education Cayman Ltd (NASDAQ:REDU) have earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus price objective of $19.00 for the company, according to Zacks. Zacks has also assigned RISE Education Cayman an industry rank of 188 out of 265 based on the ratings given to related companies.

Several research firms have weighed in on REDU. Zacks Investment Research upgraded RISE Education Cayman from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Friday, January 19th. Morgan Stanley initiated coverage on RISE Education Cayman in a research report on Tuesday, November 14th. They issued an “overweight” rating and a $15.50 price target on the stock.

Several hedge funds and other institutional investors have recently modified their holdings of REDU. Lazard Asset Management LLC bought a new position in shares of RISE Education Cayman in the fourth quarter worth $27,292,000. Tiger Pacific Capital LP bought a new position in shares of RISE Education Cayman in the fourth quarter worth $3,385,000. Millennium Management LLC bought a new position in shares of RISE Education Cayman in the fourth quarter worth $2,126,000. Dalton Investments LLC bought a new position in shares of RISE Education Cayman in the fourth quarter worth $1,035,000. Finally, GCA Investment Management LLC bought a new position in shares of RISE Education Cayman in the fourth quarter worth $370,000.

RISE Education Cayman (REDU) traded up $0.34 during mid-day trading on Friday, reaching $16.34. The company’s stock had a trading volume of 192,400 shares, compared to its average volume of 334,927. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of -6.48. RISE Education Cayman has a 1 year low of $9.50 and a 1 year high of $17.86.

RISE Education Cayman (NASDAQ:REDU) last posted its quarterly earnings data on Monday, November 27th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.02). equities analysts expect that RISE Education Cayman will post 0.27 EPS for the current fiscal year.

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About RISE Education Cayman

RISE Education Cayman Ltd is a holding company. The Company, through its subsidiaries, offers after-school English teaching and tutoring services to students aged three to 18. It operates in China’s junior English Language Training (ELT) market. Its offers three flagship courses, including Rise Start, Rise On and Rise Up, that are designed for students aged three to six, seven to twelve and 13 to 18, respectively.

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