Credit Suisse Group Downgrades RISE Education Cayman (NASDAQ:REDU) to Neutral

RISE Education Cayman (NASDAQ:REDU) was downgraded by stock analysts at Credit Suisse Group from an “outperform” rating to a “neutral” rating in a research report issued on Monday, MarketBeat.com reports.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley cut RISE Education Cayman from an “equal weight” rating to an “underweight” rating in a research note on Monday, August 19th. ValuEngine upgraded RISE Education Cayman from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.

NASDAQ REDU opened at $7.00 on Monday. The company has a market cap of $411.61 million, a P/E ratio of 17.50 and a beta of 0.84. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.02 and a quick ratio of 1.01. The stock has a 50-day moving average of $8.09 and a two-hundred day moving average of $8.95. RISE Education Cayman has a 1-year low of $6.62 and a 1-year high of $12.00.

RISE Education Cayman (NASDAQ:REDU) last announced its quarterly earnings data on Thursday, August 15th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.05). The company had revenue of $53.47 million during the quarter. RISE Education Cayman had a net margin of 8.70% and a return on equity of 29.54%. On average, analysts anticipate that RISE Education Cayman will post 0.35 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in REDU. BlackRock Inc. boosted its stake in shares of RISE Education Cayman by 117.5% in the 2nd quarter. BlackRock Inc. now owns 441,105 shares of the company’s stock valued at $4,203,000 after buying an additional 238,262 shares during the period. Morgan Stanley lifted its stake in RISE Education Cayman by 5.7% during the second quarter. Morgan Stanley now owns 2,664,393 shares of the company’s stock worth $25,392,000 after purchasing an additional 142,669 shares during the last quarter. Renaissance Technologies LLC lifted its stake in RISE Education Cayman by 115.6% during the second quarter. Renaissance Technologies LLC now owns 98,524 shares of the company’s stock worth $939,000 after purchasing an additional 52,822 shares during the last quarter. Prudential Financial Inc. purchased a new stake in RISE Education Cayman during the second quarter worth approximately $389,000. Finally, Northern Trust Corp lifted its stake in RISE Education Cayman by 119.2% during the second quarter. Northern Trust Corp now owns 27,873 shares of the company’s stock worth $265,000 after purchasing an additional 15,158 shares during the last quarter. Institutional investors and hedge funds own 13.08% of the company’s stock.

About RISE Education Cayman

RISE Education Cayman Ltd, through its subsidiaries, provides junior English language training services under the RISE brand name in the People's Republic of China. The company offers a range of educational programs, services, and products, including educational courses, sale of course materials, franchise services, and study tours.

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