Puxin Limited (NEW) Receives Average Rating of “Strong Buy” from Analysts
Puxin Limited (NYSE:NEW) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a 1 year consensus price target of $26.00 for the company, according to Zacks. Zacks has also assigned Puxin an industry rank of 72 out of 255 based on the ratings given to related companies.
NEW stock traded up $0.11 during midday trading on Wednesday, hitting $13.25. The company’s stock had a trading volume of 1,373 shares, compared to its average volume of 286,015. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.24. Puxin has a twelve month low of $5.00 and a twelve month high of $35.00.
Institutional investors have recently added to or reduced their stakes in the company. Citigroup Inc. acquired a new position in shares of Puxin during the 4th quarter worth about $211,000. Hillhouse Capital Advisors Ltd. acquired a new position in shares of Puxin during the 4th quarter worth about $2,896,000. Morgan Stanley increased its stake in shares of Puxin by 3,473.1% during the 3rd quarter. Morgan Stanley now owns 855,246 shares of the company’s stock worth $7,475,000 after purchasing an additional 831,310 shares during the last quarter. Finally, TB Alternative Assets Ltd. acquired a new position in shares of Puxin during the 4th quarter worth about $17,609,000. Institutional investors own 8.73% of the company’s stock.
Puxin Limited, through its subsidiaries, provides after-school education services in China. It offers a range of K-12 and study-abroad tutoring programs designed to help students prepare for admission tests and applications for top schools, universities, and graduate programs in China and other countries.
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