GSX Techedu (NYSE:GSX) was downgraded by research analysts at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a report released on Tuesday, The Fly reports. They presently have a $57.00 price objective on the stock, up from their prior price objective of $50.00. Goldman Sachs Group’s target price would indicate a potential downside of 4.98% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on the company. CLSA downgraded GSX Techedu from an “outperform” rating to a “sell” rating in a research report on Thursday, May 7th. ValuEngine downgraded GSX Techedu from a “buy” rating to a “hold” rating in a research report on Monday, June 8th. Nomura upped their target price on GSX Techedu from $35.00 to $40.00 in a research report on Monday, May 11th. Zacks Investment Research downgraded GSX Techedu from a “buy” rating to a “hold” rating in a research report on Thursday, May 21st. Finally, Bank of America reaffirmed a “neutral” rating and issued a $37.50 target price on shares of GSX Techedu in a research report on Monday, April 20th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $43.83.
GSX stock opened at $59.99 on Tuesday. The stock has a 50-day moving average price of $41.72 and a two-hundred day moving average price of $35.84. GSX Techedu has a 12-month low of $8.83 and a 12-month high of $62.75. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.19. The company has a market cap of $13.72 billion and a PE ratio of 299.95.
GSX Techedu (NYSE:GSX) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.19. GSX Techedu had a return on equity of 22.37% and a net margin of 11.44%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.16 billion. The business’s revenue for the quarter was up 382.0% on a year-over-year basis. Equities analysts forecast that GSX Techedu will post 0.46 EPS for the current fiscal year.
Several large investors have recently added to or reduced their stakes in GSX. Bank of America Corp DE lifted its stake in shares of GSX Techedu by 52.5% in the fourth quarter. Bank of America Corp DE now owns 7,001,260 shares of the company’s stock worth $153,047,000 after acquiring an additional 2,411,707 shares in the last quarter. Trivest Advisors Ltd acquired a new position in shares of GSX Techedu in the fourth quarter worth about $51,808,000. Pictet Asset Management Ltd. acquired a new position in shares of GSX Techedu in the fourth quarter worth about $35,393,000. Sylebra Capital Ltd lifted its stake in shares of GSX Techedu by 401.5% in the fourth quarter. Sylebra Capital Ltd now owns 1,897,169 shares of the company’s stock worth $41,472,000 after acquiring an additional 1,518,869 shares in the last quarter. Finally, Citigroup Inc. lifted its stake in shares of GSX Techedu by 279.4% in the fourth quarter. Citigroup Inc. now owns 1,726,160 shares of the company’s stock worth $37,734,000 after acquiring an additional 1,271,160 shares in the last quarter. Institutional investors and hedge funds own 20.24% of the company’s stock.
GSX Techedu Company Profile
GSX Techedu Inc operates as an online education company in the People's Republic of China. The company provides online K-12 large-class after-school tutoring services. It offers English courses for children in kindergarten; and courses that help children in grade one through grade seven. The company also provides foreign language courses, including English, Japanese, and Korean, as well as English test preparation courses for students taking post-graduate entrance exams in China; and professional courses primarily for working adults preparing for professional qualification exams comprising teacher's qualification, the Chartered Financial Analyst designation, fund qualification, and securities qualification exams.
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