RISE Education Cayman (REDU) Stock Rating Lowered by Zacks Investment Research
RISE Education Cayman (NASDAQ:REDU) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “RISE Education Cayman Ltd. is involved in China’s junior English Language Training market. RISE Education Cayman Ltd. is based in NEW YORK. “
Separately, Morgan Stanley began coverage on shares of RISE Education Cayman in a report on Tuesday, November 14th. They issued an “overweight” rating and a $15.50 target price for the company.
RISE Education Cayman (NASDAQ:REDU) last released its earnings results on Monday, November 27th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.02). research analysts forecast that RISE Education Cayman will post 0.26 EPS for the current year.
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RISE Education Cayman Company Profile
RISE Education Cayman Ltd is a holding company. The Company, through its subsidiaries, offers after-school English teaching and tutoring services to students aged three to 18. It operates in China’s junior English Language Training (ELT) market. Its offers three flagship courses, including Rise Start, Rise On and Rise Up, that are designed for students aged three to six, seven to twelve and 13 to 18, respectively.
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