Zacks: RYB Education Inc – (RYB) Receives Consensus Recommendation of “Strong Buy” from Brokerages
Shares of RYB Education Inc – (NYSE:RYB) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation. RYB Education’s rating score has improved by 66.7% in the last 90 days as a result of various analysts’ upgrades and downgrades.
Analysts have set a one year consensus target price of $23.75 for the company and are anticipating that the company will post $0.01 EPS for the current quarter, according to Zacks. Zacks has also assigned RYB Education an industry rank of 168 out of 255 based on the ratings given to related companies.
Several equities analysts recently issued reports on RYB shares. Morgan Stanley raised RYB Education from an “equal weight” rating to an “overweight” rating and set a $24.00 price objective on the stock in a research report on Tuesday, October 2nd. Zacks Investment Research lowered shares of RYB Education from a “buy” rating to a “hold” rating in a research note on Thursday, August 30th. ValuEngine lowered shares of RYB Education from a “buy” rating to a “hold” rating in a research note on Wednesday, August 29th. Finally, Jefferies Financial Group started coverage on shares of RYB Education in a research note on Monday, July 23rd. They set a “buy” rating and a $27.00 target price for the company.
RYB Education (NYSE:RYB) last posted its quarterly earnings data on Tuesday, August 28th. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.11 by $0.11. RYB Education had a return on equity of 3.55% and a net margin of 2.48%. The business had revenue of $47.48 million for the quarter. On average, equities research analysts anticipate that RYB Education will post 0.22 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new stake in RYB Education during the 2nd quarter valued at $280,000. Bank of America Corp DE raised its stake in RYB Education by 9.5% during the 2nd quarter. Bank of America Corp DE now owns 162,118 shares of the company’s stock valued at $3,185,000 after buying an additional 14,073 shares during the last quarter. Finally, BlackRock Inc. raised its stake in RYB Education by 2,686.1% during the 2nd quarter. BlackRock Inc. now owns 7,439 shares of the company’s stock valued at $146,000 after buying an additional 7,172 shares during the last quarter. Institutional investors and hedge funds own 11.36% of the company’s stock.
RYB Education Company Profile
RYB Education, Inc provides early childhood education service in the People's Republic of China. The company offers kindergarten services to 2-6-year-old children; and play-and-learn centers services for the joint participation of 0-6-year-old children and their families to promote children's development and prepare them for their entry into kindergartens and primary schools.
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