Analysts Set $19.50 Target Price for Bright Scholar Education Holdngs Ltd-ADR (BEDU)

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Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research 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 88 out of 255 based on the ratings given to its competitors.

Several brokerages have commented on BEDU. TheStreet cut shares of Bright Scholar Education Holdngs from a “c-” rating to a “d” rating in a research report on Monday, August 13th. Morgan Stanley raised shares of Bright Scholar Education Holdngs from an “equal weight” rating to an “overweight” rating in a research report on Friday, June 29th. Finally, ValuEngine cut shares of Bright Scholar Education Holdngs from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th.

A number of large investors have recently modified their holdings of BEDU. OZ Management LP bought a new stake in Bright Scholar Education Holdngs during the 1st quarter worth about $16,690,000. Indus Capital Partners LLC lifted its position in Bright Scholar Education Holdngs by 50.4% during the 1st quarter. Indus Capital Partners LLC now owns 2,389,670 shares of the company’s stock worth $36,897,000 after buying an additional 800,516 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Bright Scholar Education Holdngs during the 1st quarter worth about $6,948,000. Millennium Management LLC lifted its position in Bright Scholar Education Holdngs by 1,581.1% during the 1st quarter. Millennium Management LLC now owns 347,853 shares of the company’s stock worth $5,371,000 after buying an additional 327,161 shares in the last quarter. Finally, Point72 Asia Hong Kong Ltd bought a new stake in Bright Scholar Education Holdngs during the 1st quarter worth about $2,896,000. 13.20% of the stock is currently owned by hedge funds and other institutional investors.

BEDU opened at $12.23 on Tuesday. The firm has a market capitalization of $1.50 billion, a P/E ratio of 48.92 and a beta of 1.34. Bright Scholar Education Holdngs has a 12 month low of $10.80 and a 12 month high of $28.18.

Bright Scholar Education Holdngs (NYSE:BEDU) last posted its quarterly earnings data on Tuesday, July 24th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.03). The company had revenue of $84.39 million during the quarter. Bright Scholar Education Holdngs had a net margin of 14.37% and a return on equity of 12.61%. equities analysts predict that Bright Scholar Education Holdngs will post 0.33 earnings per share for the current fiscal year.

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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