Puxin (NYSE:NEW) Raised to Buy at ValuEngine

Share on StockTwits

ValuEngine upgraded shares of Puxin (NYSE:NEW) from a hold rating to a buy rating in a research report report published on Wednesday, ValuEngine reports.

A number of other analysts have also recently weighed in on NEW. Goldman Sachs Group cut shares of Puxin from a buy rating to a neutral rating and set a $28.43 target price on the stock. in a research note on Tuesday, May 7th. DA Davidson raised shares of Puxin from a neutral rating to a buy rating in a research note on Thursday, May 2nd.

NYSE NEW opened at $6.52 on Wednesday. The company’s 50-day simple moving average is $6.07 and its 200 day simple moving average is $6.95. Puxin has a twelve month low of $5.00 and a twelve month high of $14.60. The company has a debt-to-equity ratio of 1.65, a current ratio of 0.37 and a quick ratio of 0.37.

Puxin (NYSE:NEW) last posted its earnings results on Tuesday, August 13th. The company reported ($0.30) earnings per share for the quarter. The business had revenue of $92.20 million during the quarter. Puxin had a negative net margin of 30.00% and a negative return on equity of 126.33%.

A number of hedge funds and other institutional investors have recently bought and sold shares of NEW. Ward Ferry Management BVI Ltd increased its stake in Puxin by 62.1% in the second quarter. Ward Ferry Management BVI Ltd now owns 2,439,638 shares of the company’s stock valued at $15,321,000 after acquiring an additional 934,600 shares during the period. Jane Street Group LLC acquired a new position in Puxin in the second quarter valued at about $622,000. Citadel Advisors LLC acquired a new position in Puxin in the second quarter valued at about $332,000. Finally, Resources Investment Advisors LLC. acquired a new position in Puxin in the second quarter valued at about $276,000. 9.95% of the stock is currently owned by institutional investors and hedge funds.

About Puxin

Puxin Limited, through its subsidiaries, provides after-school education services in China. It offers a range of K-12 and study-abroad tutoring programs designed to help students prepare for admission tests and applications for top schools, universities, and graduate programs in China and other countries.

See Also: Does the discount rate affect the economy?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Puxin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Puxin and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Lido Advisors LLC Takes $230,000 Position in ISHARES TR/CORE DIVID GR ETF
Lido Advisors LLC Takes $230,000 Position in ISHARES TR/CORE DIVID GR ETF
Energy Income Partners LLC Buys 39,795 Shares of Mplx Lp
Energy Income Partners LLC Buys 39,795 Shares of Mplx Lp
Chesapeake Utilities Co.  Stock Position Decreased by Energy Income Partners LLC
Chesapeake Utilities Co. Stock Position Decreased by Energy Income Partners LLC
Family Management Corp Sells 4,840 Shares of Nuveen Municipal Value Fund Inc
Family Management Corp Sells 4,840 Shares of Nuveen Municipal Value Fund Inc
Energy Income Partners LLC Sells 21,934 Shares of IDACORP Inc
Energy Income Partners LLC Sells 21,934 Shares of IDACORP Inc
PGIM Global Short Duration Hgh Yd Fd Inc  Shares Bought by Family Management Corp
PGIM Global Short Duration Hgh Yd Fd Inc Shares Bought by Family Management Corp


© 2006-2019 Ticker Report