Shares of Bright Scholar Education Holdngs Ltd-ADR (NYSE:BEDU) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price target of $19.50 for the company and are anticipating that the company will post $0.02 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Bright Scholar Education Holdngs an industry rank of 112 out of 255 based on the ratings given to related companies.

A number of research analysts have recently commented on BEDU shares. Morgan Stanley raised shares of Bright Scholar Education Holdngs from an “equal weight” rating to an “overweight” rating in a report on Friday, June 29th. ValuEngine cut shares of Bright Scholar Education Holdngs from a “buy” rating to a “hold” rating in a report on Monday, July 16th. Finally, TheStreet cut shares of Bright Scholar Education Holdngs from a “c-” rating to a “d” rating in a report on Monday, August 13th.

Several hedge funds have recently bought and sold shares of the company. Guggenheim Capital LLC lifted its holdings in shares of Bright Scholar Education Holdngs by 36.1% in the first quarter. Guggenheim Capital LLC now owns 24,423 shares of the company’s stock worth $377,000 after acquiring an additional 6,474 shares during the last quarter. Bank of Montreal Can increased its stake in shares of 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 valued at $416,000 after buying an additional 9,260 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Bright Scholar Education Holdngs in the second quarter valued at approximately $174,000. Hikari Power Ltd acquired a new position in shares of Bright Scholar Education Holdngs in the second quarter valued at approximately $268,000. Finally, SG Americas Securities LLC increased its stake in shares of Bright Scholar Education Holdngs by 96.4% in the first quarter. SG Americas Securities LLC now owns 35,792 shares of the company’s stock valued at $553,000 after buying an additional 17,564 shares during the period. 13.20% of the stock is owned by hedge funds and other institutional investors.

BEDU traded up $0.13 on Tuesday, hitting $12.12. 78,393 shares of the stock were exchanged, compared to its average volume of 197,904. Bright Scholar Education Holdngs has a 12 month low of $10.80 and a 12 month high of $28.18. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 48.48 and a beta of 1.42.

Bright Scholar Education Holdngs (NYSE:BEDU) last posted its earnings results on Tuesday, July 24th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.03). The company had revenue of $84.39 million during the quarter. Bright Scholar Education Holdngs had a return on equity of 12.61% and a net margin of 14.37%. sell-side analysts anticipate that Bright Scholar Education Holdngs will post 0.33 EPS 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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