GSX Techedu Inc. (NYSE: GSX) Receives Broker Consensus Hold Rating

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, 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.

Read more: Trade Signals Using Bollinger Bands

Analyst Recommendations for GSX Techedu (NYSE: GSX)

This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured article: What are gap-up stocks?

7 undervalued stocks that deserve more attention

With the Dow Jones Industrial Average (DJIA) hitting new highs every day, it may seem like now is not a good time to look at undervalued stocks. Where is it?

From cannabis to cryptocurrencies, not to mention electric vehicles, the market seems to be bubbling everywhere you look. And that is why the time may have come to zigzag as the market crumbles. And that means looking for undervalued stocks.

But finding undervalued stocks is subjective. Some analysts use specific fundamental metrics. Others use technical analysis.

However, the general idea is that you are looking for stocks that are trading below their fair value.

In some cases, these may be stocks whose financial values ​​are stronger than other stocks in their industry, but they are trading at a lower price. In other cases, a company may have potential that is not reflected in its share price. In other words, undervalued stocks are stocks that are likely to grow. That’s why they deserve a place in your wallet.

And that’s why we’ve put on this special presentation on Undervalued Stocks right now. An investment in these companies is likely to be rewarded as stocks go under the radar of the broader market.

See “7 Undervalued Stocks That Deserve More Attention”.

About Glenda Wait

Check Also

Bancorp reports second quarter results

WEST READING – Customers Bancorp Inc. reported quarterly basic earnings of $59.4 million, or $1.77 …

Leave a Reply

Your email address will not be published.