Shares of GSX Techedu Inc. (NYSE:GSX) have received an average broker rating score of 1.67 (Buy) from the three brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and two have given a strong buy recommendation to the company. GSX Techedu’s rating score has declined by 67% from three months ago as a result of various analysts’ ratings changes.
Analysts have set a 1-year consensus price target of $19.67 for the company, according to Zacks. Zacks has also given GSX Techedu an industry rank of 94 out of 255 based on the ratings given to related companies.
A number of equities analysts have recently commented on the stock. ValuEngine downgraded shares of GSX Techedu from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Bank of America assumed coverage on shares of GSX Techedu in a research note on Wednesday, October 9th. They set a “buy” rating and a $22.00 price objective for the company. Finally, Barclays restated a “buy” rating and set a $20.00 price objective on shares of GSX Techedu in a research note on Thursday, November 7th.
GSX Techedu stock opened at $19.92 on Wednesday. The business’s 50-day simple moving average is $16.61. GSX Techedu has a one year low of $8.53 and a one year high of $20.59. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.23 and a quick ratio of 1.23.
GSX Techedu (NYSE:GSX) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.08). The firm had revenue of $557.00 million for the quarter, compared to the consensus estimate of $485.07 million. GSX Techedu’s quarterly revenue was up 461.5% compared to the same quarter last year. On average, sell-side analysts expect that GSX Techedu will post 0.15 earnings per share for the current fiscal year.
About GSX Techedu
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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