The Goldman Sachs Group upgraded shares of GSX Techedu (NYSE:GSX) from a sell rating to a buy rating in a research report report published on Monday, Price Targets.com reports. The Goldman Sachs Group currently has $60.00 target price on the stock, down from their previous target price of $70.00.
Several other analysts also recently weighed in on GSX. Zacks Investment Research upgraded shares of GSX Techedu from a sell rating to a hold rating in a research report on Wednesday, April 7th. JPMorgan Chase & Co. upgraded GSX Techedu from an underweight rating to a neutral rating and reduced their price objective for the stock from $60.00 to $37.00 in a research report on Tuesday, April 13th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised GSX Techedu from a sell rating to a buy rating and decreased their price objective for the stock from $66.00 to $56.00 in a report on Monday, March 29th. CLSA reissued a sell rating and issued a $76.00 price target (up previously from $68.00) on shares of GSX Techedu in a research note on Monday, March 15th. Finally, Citigroup upgraded shares of GSX Techedu from a sell rating to a buy rating and decreased their target price for the company from $66.00 to $56.00 in a research report on Monday, March 29th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $62.50.
NYSE:GSX opened at $29.71 on Monday. The stock has a 50 day moving average of $42.86 and a 200-day moving average of $67.07. The firm has a market capitalization of $7.09 billion, a PE ratio of -78.18 and a beta of -0.50. GSX Techedu has a 52 week low of $23.09 and a 52 week high of $149.05.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Perigon Wealth Management LLC bought a new stake in shares of GSX Techedu during the 4th quarter worth $26,000. Daiwa Securities Group Inc. boosted its stake in shares of GSX Techedu by 18.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 810 shares of the company’s stock worth $42,000 after acquiring an additional 125 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of GSX Techedu during the 4th quarter worth $52,000. Infini Master Fund bought a new stake in shares of GSX Techedu during the 4th quarter worth $103,000. Finally, Van ECK Associates Corp lifted its holdings in shares of GSX Techedu by 13.3% in the third quarter. Van ECK Associates Corp now owns 3,040 shares of the company’s stock valued at $274,000 after purchasing an additional 356 shares in the last quarter. 34.84% of the stock is owned by institutional investors and hedge funds.
About GSX Techedu
GSX Techedu Inc, a technology-driven education company, provides online K-12 after-school tutoring services in the People's Republic of China. Its K-12 after-school tutoring courses cover various K-12 academic subjects, including mathematics, English, Chinese, physics, chemistry, biology, history, geography, and political science.
Recommended Story: What is the definition of market timing?
Receive News & Ratings for GSX Techedu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GSX Techedu and related companies with MarketBeat.com's FREE daily email newsletter.