Bright Scholar Education Holdngs (BEDU) Now Covered by Analysts at Goldman Sachs Group

Bright Scholar Education Holdngs (BEDU) Now Covered by Analysts at Goldman Sachs Group

Goldman Sachs Group started coverage on shares of Bright Scholar Education Holdngs (NYSE:BEDU) in a report released on Monday, MarketBeat reports. The brokerage issued a neutral rating and a $12.50 price target on the stock.

A number of other equities analysts also recently commented on BEDU. Zacks Investment Research downgraded shares of Bright Scholar Education Holdngs from a hold rating to a sell rating in a report on Thursday, October 4th. ValuEngine upgraded shares of Bright Scholar Education Holdngs from a sell rating to a hold rating in a report on Tuesday, October 2nd. TheStreet downgraded shares of Bright Scholar Education Holdngs from a c- rating to a d rating in a report on Monday, August 13th. Finally, Morgan Stanley downgraded shares of Bright Scholar Education Holdngs from an overweight rating to an equal weight rating in a report on Tuesday, October 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of $14.75.

NYSE:BEDU opened at $10.95 on Monday. Bright Scholar Education Holdngs has a 1-year low of $8.82 and a 1-year high of $23.99. The stock has a market capitalization of $1.38 billion, a P/E ratio of 36.50 and a beta of 0.73.

Bright Scholar Education Holdngs (NYSE:BEDU) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). Bright Scholar Education Holdngs had a return on equity of 11.17% and a net margin of 14.39%. The business had revenue of $57.05 million during the quarter. As a group, analysts anticipate that Bright Scholar Education Holdngs will post 0.42 EPS for the current year.

Institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP bought a new position in Bright Scholar Education Holdngs in the second quarter worth about $174,000. Jane Street Group LLC bought a new position in Bright Scholar Education Holdngs in the third quarter worth about $152,000. Marshall Wace North America L.P. raised its holdings in Bright Scholar Education Holdngs by 16.2% in the third quarter. Marshall Wace North America L.P. now owns 13,516 shares of the company’s stock worth $167,000 after purchasing an additional 1,883 shares in the last quarter. Sensato Investors LLC bought a new position in Bright Scholar Education Holdngs in the second quarter worth about $411,000. Finally, Bank of Montreal Can raised its holdings in Bright Scholar Education Holdngs by 58.8% in the second quarter. Bank of Montreal Can now owns 24,999 shares of the company’s stock worth $416,000 after purchasing an additional 9,260 shares in the last quarter. Institutional investors and hedge funds own 13.23% of the company’s stock.

Bright Scholar Education Holdngs Company Profile

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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