Zacks: Brokerages Set $18.33 Price Target for GSX Techedu Inc. (NYSE:GSX)
Shares of GSX Techedu Inc. (NYSE:GSX) have received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy rating.
Brokers have set a 1 year consensus target price of $18.33 for the company, according to Zacks. Zacks has also given GSX Techedu an industry rank of 96 out of 255 based on the ratings given to related companies.
A number of analysts have recently weighed in on the stock. Bank of America initiated coverage on shares of GSX Techedu in a report on Wednesday, October 9th. They set a “buy” rating and a $22.00 target price for the company. Barclays raised their price objective on shares of GSX Techedu from $16.00 to $17.00 and gave the stock an “overweight” rating in a report on Tuesday, August 27th.
Shares of GSX Techedu stock traded down $0.36 during trading on Friday, reaching $14.25. 463,538 shares of the stock were exchanged, compared to its average volume of 711,840. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.11. The stock’s fifty day moving average is $13.98. GSX Techedu has a 1 year low of $8.53 and a 1 year high of $17.54.
GSX Techedu (NYSE:GSX) last posted its earnings results on Thursday, August 22nd. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $51.52 million for the quarter. Research analysts forecast that GSX Techedu will post 0.72 earnings per share for the current fiscal year.
About GSX Techedu
GSX Techedu Inc operates as an online education company in the People's Republic of China. The company provides online K-12 large-class after-school tutoring services. It offers English courses for children in kindergarten; and courses that help children in grade one through grade seven. The company also provides foreign language courses, including English, Japanese, and Korean, as well as English test preparation courses for students taking post-graduate entrance exams in China; and professional courses primarily for working adults preparing for professional qualification exams comprising teacher's qualification, the Chartered Financial Analyst designation, fund qualification, and securities qualification exams.
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