Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) has earned a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $14.75.
Several equities research analysts recently commented on BEDU shares. Morgan Stanley downgraded Bright Scholar Education Holdngs from an “overweight” rating to an “equal weight” rating in a report on Tuesday, October 2nd. Zacks Investment Research downgraded Bright Scholar Education Holdngs from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. ValuEngine upgraded Bright Scholar Education Holdngs from a “sell” rating to a “hold” rating in a report on Wednesday, October 24th. TheStreet downgraded Bright Scholar Education Holdngs from a “c-” rating to a “d” rating in a report on Monday, August 13th. Finally, Goldman Sachs Group started coverage on Bright Scholar Education Holdngs in a report on Monday, December 3rd. They set a “neutral” rating and a $12.50 target price on the stock.
Several large investors have recently made changes to their positions in the stock. Indus Capital Partners LLC raised its holdings in shares of Bright Scholar Education Holdngs by 8.2% during the 2nd quarter. Indus Capital Partners LLC now owns 2,585,370 shares of the company’s stock valued at $42,995,000 after buying an additional 195,700 shares during the period. OppenheimerFunds Inc. increased its holdings in Bright Scholar Education Holdngs by 10.9% during the 2nd quarter. OppenheimerFunds Inc. now owns 518,700 shares of the company’s stock worth $8,627,000 after purchasing an additional 50,840 shares during the last quarter. Morgan Stanley increased its holdings in Bright Scholar Education Holdngs by 14.4% during the 3rd quarter. Morgan Stanley now owns 293,993 shares of the company’s stock worth $3,643,000 after purchasing an additional 37,039 shares during the last quarter. Taikang Asset Management Hong Kong Co Ltd purchased a new stake in Bright Scholar Education Holdngs during the 3rd quarter worth approximately $2,483,000. Finally, Marshall Wace LLP purchased a new stake in Bright Scholar Education Holdngs during the 3rd quarter worth approximately $1,674,000. Institutional investors and hedge funds own 13.23% of the company’s stock.
Shares of Bright Scholar Education Holdngs stock traded down $0.15 during trading hours on Monday, reaching $10.80. The stock had a trading volume of 138,006 shares, compared to its average volume of 163,396. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 36.00 and a beta of 0.73. Bright Scholar Education Holdngs has a 1 year low of $8.82 and a 1 year high of $23.99.
Bright Scholar Education Holdngs (NYSE:BEDU) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $57.05 million during the quarter. Bright Scholar Education Holdngs had a return on equity of 11.17% and a net margin of 14.39%. Analysts expect that Bright Scholar Education Holdngs will post 0.42 EPS for the current fiscal year.
Bright Scholar Education Holdngs Company Profile
Bright Scholar Education Holdings Limited operates K-12 schools in China. Its schools comprise international schools, bilingual schools, and kindergartens. The company also offers a range of complementary education services, including international camps and after-school programs. As of May 31, 2018, it had a network of 67 schools with approximately 35,275 students.
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