Shares of RISE Education Cayman Ltd (NASDAQ:REDU) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 12-month consensus target price of $19.00 for the company, according to Zacks. Zacks has also assigned RISE Education Cayman an industry rank of 135 out of 265 based on the ratings given to related companies.
A number of brokerages have issued reports on REDU. Zacks Investment Research downgraded shares of RISE Education Cayman from a “buy” rating to a “hold” rating in a report on Tuesday, January 23rd. Morgan Stanley began coverage on shares of RISE Education Cayman in a report on Tuesday, November 14th. They issued an “overweight” rating and a $15.50 price target on the stock.
Shares of RISE Education Cayman (REDU) opened at $17.08 on Tuesday. The company has a debt-to-equity ratio of -6.48, a quick ratio of 0.81 and a current ratio of 0.81. RISE Education Cayman has a 52-week low of $9.50 and a 52-week high of $17.86.
COPYRIGHT VIOLATION WARNING: This piece was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.americanbankingnews.com/2018/03/13/zacks-rise-education-cayman-ltd-redu-given-19-00-consensus-price-target-by-analysts.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for RISE Education Cayman Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RISE Education Cayman and related companies with MarketBeat.com's FREE daily email newsletter.