The shares of GSX Techedu Inc. (NYSE: GSX) have received a consensus rating of “Hold” by the fourteen research companies that currently cover the company, MarketBeat.com reports. Five equity research analysts rated the stock with a sell recommendation, six gave a hold recommendation, and two gave the company a buy recommendation. The twelve-month average target price among brokerage firms that hedged the stock in the past year is $ 59.23.
GSX has been the subject of several research analyst reports. Barclays raised its price target on GSX Techedu shares from $ 63.00 to $ 73.00 and gave the stock an “equal weight” rating in a research note on Monday, March 8. CLSA rephrased a “sell” rating and set a price target of $ 76.00 (vs. $ 68.00) on GSX Techedu shares in a research report on Monday, March 15. Citigroup lifted GSX Techedu from a “sell” rating to a “buy” rating and lowered its price target for the company from $ 66.00 to $ 56.00 in a report on Monday, March 29. Goldman Sachs Group downgraded GSX Techedu from a “neutral” rating to a “sell” rating and raised its target price for the share from $ 61.00 to $ 70.00 in a research note on Thursday 28 January. Finally, UBS Group downgraded GSX Techedu from a “buy” rating to a “neutral” rating and set a price target of $ 47.00 for the company. in a research note on Wednesday, December 16.
NYSE GSX open for $ 25.10 Thursday. The stock has a market cap of $ 5.99 billion, a P / E ratio of -66.05 and a beta of -0.50. GSX Techedu has a 12 month low of $ 24.22 and a 12 month high of $ 149.05. The company’s 50-day simple moving average is $ 67.13 and its 200-day simple moving average is $ 74.04.
GSX Techedu (NYSE: GSX) last released its results on Thursday, March 4. The company reported EPS of $ 2.29 for the quarter, beating the Thomson Reuters consensus estimate of ($ 2.57) by $ 0.28. The company posted revenue of $ 2.21 billion for the quarter, compared to a consensus estimate of $ 2.12 billion. GSX Techedu had a negative net margin of 10.56% and a negative return on equity of 45.36%. The company’s revenue for the quarter increased 136.5% from the same quarter last year. In the same quarter of the previous year, the company achieved earnings per share of $ 0.79. As a group, equity analysts predict that GSX Techedu will post -0.68 EPS for the current year.
Several institutional investors have recently changed their holdings in the company. Morgan Stanley increased its stake in GSX Techedu shares by 16.7% in the 4th quarter. Morgan Stanley now owns 14,664,826 shares of the company valued at $ 758,318,000 after purchasing an additional 2,102,822 shares during the period. Credit Suisse AG increased its stake in GSX Techedu by 25.9% in the 4th quarter. Credit Suisse AG now owns 11,551,146 shares of the company valued at $ 597,309,000 after purchasing an additional 2,373,369 shares in the last quarter. BlackRock Inc. increased its stake in GSX Techedu by 27.8% in the fourth quarter. BlackRock Inc. now owns 3,009,551 shares of the company valued at $ 155,625,000 after purchasing an additional 655,012 shares during the last quarter. Mizuho Markets Americas LLC acquired a new position in shares of GSX Techedu in the fourth quarter valued at approximately $ 130,534,000. Finally, the Canada Pension Plan Investment Board increased its position in GSX Techedu shares by 481.2% during the fourth quarter. The Canada Pension Plan Investment Board now owns 1,330,958 shares of the company valued at $ 68,824,000 after acquiring an additional 1,101,958 shares in the last quarter. Institutional investors hold 34.84% of the company’s shares.
GSX Techedu Company Profile
GSX Techedu Inc, a technology-driven education company, provides after-school K-12 online tutoring services in the People’s Republic of China. Its after-school K-12 tutoring courses cover a variety of K-12 academic subjects including math, English, Chinese, physics, chemistry, biology, history, geography, and political science.
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