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

Other equities analysts also recently issued research reports about the stock. TheStreet downgraded shares of Bright Scholar Education Holdngs from a c- rating to a d rating in a report on Monday, August 13th. 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. ValuEngine upgraded shares of Bright Scholar Education Holdngs from a sell rating to a hold rating in a report on Tuesday, October 2nd. Finally, Zacks Investment Research upgraded shares of Bright Scholar Education Holdngs from a sell rating to a hold rating in a report on Friday, November 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Bright Scholar Education Holdngs has an average rating of Hold and an average price target of $14.75.

Shares of NYSE:BEDU opened at $10.95 on Monday. Bright Scholar Education Holdngs has a twelve month low of $8.82 and a twelve month high of $23.99. The company 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 issued its quarterly earnings results on Wednesday, November 7th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ 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. Analysts expect that Bright Scholar Education Holdngs will post 0.42 earnings per share for the current year.

A number of large investors have recently modified their holdings of the stock. Indus Capital Partners LLC increased its holdings in Bright Scholar Education Holdngs by 8.2% in the 2nd quarter. Indus Capital Partners LLC now owns 2,585,370 shares of the company’s stock worth $42,995,000 after buying an additional 195,700 shares during the period. OppenheimerFunds Inc. boosted its position in Bright Scholar Education Holdngs by 10.9% in the 2nd quarter. OppenheimerFunds Inc. now owns 518,700 shares of the company’s stock worth $8,627,000 after purchasing an additional 50,840 shares in the last quarter. Morgan Stanley boosted its position in Bright Scholar Education Holdngs by 14.4% in the 3rd quarter. Morgan Stanley now owns 293,993 shares of the company’s stock worth $3,643,000 after purchasing an additional 37,039 shares in the last quarter. Taikang Asset Management Hong Kong Co Ltd purchased a new stake in Bright Scholar Education Holdngs in the 3rd quarter worth approximately $2,483,000. Finally, Marshall Wace LLP purchased a new stake in Bright Scholar Education Holdngs in the 3rd quarter worth approximately $1,674,000. Institutional investors 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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