GSX Techedu (NYSE:GSX)‘s stock had its “buy” rating reissued by Barclays in a note issued to investors on Thursday, AnalystRatings.com reports. They currently have a $20.00 price target on the stock. Barclays‘s price objective would suggest a potential upside of 30.63% from the company’s previous close.
Separately, Bank of America initiated coverage on shares of GSX Techedu in a report on Wednesday, October 9th. They set a “buy” rating and a $22.00 target price for the company.
GSX traded up $0.37 during trading hours on Thursday, hitting $15.31. 427,485 shares of the company’s stock were exchanged, compared to its average volume of 995,564. GSX Techedu has a 1-year low of $8.53 and a 1-year high of $17.54. The firm has a 50-day moving average price of $14.80. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 0.11.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. State of New Jersey Common Pension Fund D acquired a new position in GSX Techedu during the third quarter worth $1,218,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in GSX Techedu during the second quarter worth $6,875,000. Amundi Pioneer Asset Management Inc. acquired a new position in GSX Techedu during the second quarter worth $5,395,000. Price T Rowe Associates Inc. MD acquired a new position in GSX Techedu during the second quarter worth $45,026,000. Finally, UBS Asset Management Americas Inc. acquired a new position in GSX Techedu during the second quarter worth $13,488,000. Institutional investors and hedge funds own 6.68% of the company’s stock.
GSX Techedu Company Profile
GSX Techedu Inc operates as an online education company in the People's Republic of China. The company provides online K-12 large-class after-school tutoring services. It offers English courses for children in kindergarten; and courses that help children in grade one through grade seven. The company also provides foreign language courses, including English, Japanese, and Korean, as well as English test preparation courses for students taking post-graduate entrance exams in China; and professional courses primarily for working adults preparing for professional qualification exams comprising teacher's qualification, the Chartered Financial Analyst designation, fund qualification, and securities qualification exams.
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