GSX Techedu Inc. (NYSE:GSX) Given $19.67 Average Target Price by Analysts

Share on StockTwits

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.

Several institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD acquired a new position in shares of GSX Techedu during the 2nd quarter worth about $45,026,000. Bank of America Corp DE acquired a new stake in GSX Techedu in the 2nd quarter valued at about $39,540,000. UBS Asset Management Americas Inc. acquired a new stake in GSX Techedu in the 2nd quarter valued at about $13,488,000. JPMorgan Chase & Co. acquired a new stake in GSX Techedu in the 2nd quarter valued at about $9,459,000. Finally, Sylebra Capital Ltd acquired a new stake in GSX Techedu in the 2nd quarter valued at about $9,711,000. Institutional investors own 9.94% of the company’s stock.

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.

Read More: What are Bollinger Bands?

Get a free copy of the Zacks research report on GSX Techedu (GSX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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



Latest News

Vertex One Asset Management Inc. Buys Shares of 150,000 PropTech Acquisition Corporation
Vertex One Asset Management Inc. Buys Shares of 150,000 PropTech Acquisition Corporation
Chevron Co.  Shares Sold by Miles Capital Inc.
Chevron Co. Shares Sold by Miles Capital Inc.
SPDR Bloomberg Barclays High Yield Bond ETF  Stock Holdings Trimmed by Miles Capital Inc.
SPDR Bloomberg Barclays High Yield Bond ETF Stock Holdings Trimmed by Miles Capital Inc.
Miles Capital Inc. Sells 343 Shares of HCA Healthcare Inc
Miles Capital Inc. Sells 343 Shares of HCA Healthcare Inc
Vanguard Total Bond Market ETF  Stock Position Lowered by Miles Capital Inc.
Vanguard Total Bond Market ETF Stock Position Lowered by Miles Capital Inc.
iShares Core S&P 500 ETF  Shares Bought by Miles Capital Inc.
iShares Core S&P 500 ETF Shares Bought by Miles Capital Inc.


© 2006-2020 Ticker Report