Zacks Investment Research cut shares of RISE Education Cayman (NASDAQ:REDU) from a buy rating to a hold rating in a report published on Wednesday morning.
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 started coverage on RISE Education Cayman in a report on Tuesday, November 14th. They set an overweight rating and a $15.50 price target on the stock.
RISE Education Cayman (NASDAQ:REDU) last issued its quarterly earnings results on Monday, November 27th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). equities analysts predict that RISE Education Cayman will post 0.26 earnings per share for the current year.
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About RISE Education Cayman
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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