Zacks: Brokerages Set $19.50 Target Price for Bright Scholar Education Holdngs Ltd-ADR (BEDU)
Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus price objective of $19.50 for the company and are anticipating that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also given Bright Scholar Education Holdngs an industry rank of 94 out of 255 based on the ratings given to related companies.
Several brokerages have recently issued reports on BEDU. TheStreet lowered Bright Scholar Education Holdngs from a “c-” rating to a “d” rating in a research report on Monday, August 13th. ValuEngine downgraded Bright Scholar Education Holdngs from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th. Finally, Morgan Stanley upgraded Bright Scholar Education Holdngs from an “equal weight” rating to an “overweight” rating in a research note on Friday, June 29th.
Shares of NYSE:BEDU traded up $0.07 during trading on Tuesday, hitting $11.67. The stock had a trading volume of 6,350 shares, compared to its average volume of 194,133. Bright Scholar Education Holdngs has a 12 month low of $10.80 and a 12 month high of $28.18. The firm has a market capitalization of $1.51 billion, a P/E ratio of 46.68 and a beta of 1.42.
Bright Scholar Education Holdngs (NYSE:BEDU) last announced its earnings results on Tuesday, July 24th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.03). Bright Scholar Education Holdngs had a return on equity of 12.61% and a net margin of 14.37%. The firm had revenue of $84.39 million during the quarter. analysts forecast that Bright Scholar Education Holdngs will post 0.33 earnings per share for the current fiscal year.
About Bright Scholar Education Holdngs
Bright Scholar Education Holdings Limited operates K-12 schools in China. Its schools comprise international schools, bilingual schools, and kindergartens. The company also offers a range of complementary education services, including international camps and after-school programs. As of May 31, 2018, it had a network of 67 schools with approximately 35,275 students.
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