RISE Education Cayman Ltd (NASDAQ:REDU) has received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Analysts have set a 1 year consensus price target of $12.00 for the company, according to Zacks. Zacks has also assigned RISE Education Cayman an industry rank of 66 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of RISE Education Cayman from a “sell” rating to a “hold” rating in a research note on Friday, January 25th.
A number of hedge funds and other institutional investors have recently bought and sold shares of REDU. Morgan Stanley grew its stake in RISE Education Cayman by 108.9% during the third quarter. Morgan Stanley now owns 2,169,350 shares of the company’s stock worth $25,664,000 after buying an additional 1,130,703 shares during the last quarter. Credit Suisse AG grew its stake in RISE Education Cayman by 37.7% during the third quarter. Credit Suisse AG now owns 857,994 shares of the company’s stock worth $10,150,000 after buying an additional 234,685 shares during the last quarter. BlackRock Inc. grew its stake in RISE Education Cayman by 9.0% during the fourth quarter. BlackRock Inc. now owns 68,128 shares of the company’s stock worth $542,000 after buying an additional 5,619 shares during the last quarter. Finally, Northern Trust Corp grew its stake in RISE Education Cayman by 11.7% during the fourth quarter. Northern Trust Corp now owns 12,337 shares of the company’s stock worth $98,000 after buying an additional 1,295 shares during the last quarter. 15.29% of the stock is currently owned by institutional investors and hedge funds.
About RISE Education Cayman
RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand name in the People's Republic of China. The company offers a range of educational programs, services, and products, including educational courses, sale of course materials, franchise services, and study tours.
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