Brokerages Set $6.75 Price Target for RYB Education Inc – (NYSE:RYB)

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Shares of RYB Education Inc – (NYSE:RYB) have received a consensus broker rating score of 3.35 (Hold) from the two brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a sell rating and one has assigned a hold rating to the company.

Brokerages have set a one year consensus price target of $6.75 for the company, according to Zacks. Zacks has also given RYB Education an industry rank of 107 out of 256 based on the ratings given to its competitors.

Several analysts have weighed in on RYB shares. Morgan Stanley cut shares of RYB Education from an “equal weight” rating to an “underweight” rating and set a $7.00 price objective on the stock. in a research note on Friday, May 24th. ValuEngine raised shares of RYB Education from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

A number of institutional investors have recently modified their holdings of RYB. BlackRock Inc. bought a new stake in RYB Education during the fourth quarter worth about $111,000. Two Sigma Advisers LP bought a new stake in shares of RYB Education during the fourth quarter valued at approximately $152,000. Deutsche Bank AG bought a new stake in shares of RYB Education during the fourth quarter valued at approximately $240,000. Renaissance Technologies LLC grew its stake in shares of RYB Education by 111.3% during the second quarter. Renaissance Technologies LLC now owns 140,544 shares of the company’s stock valued at $942,000 after purchasing an additional 74,044 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of RYB Education by 627.2% during the second quarter. Morgan Stanley now owns 245,054 shares of the company’s stock valued at $1,642,000 after purchasing an additional 211,357 shares during the last quarter. 8.85% of the stock is currently owned by hedge funds and other institutional investors.

RYB Education stock traded up $0.18 during trading hours on Wednesday, hitting $6.87. 31,600 shares of the stock were exchanged, compared to its average volume of 87,476. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.88 and a current ratio of 0.93. The stock has a market capitalization of $180.58 million, a P/E ratio of -114.50 and a beta of 1.68. RYB Education has a 12 month low of $5.60 and a 12 month high of $21.52. The business’s 50-day moving average is $6.29 and its two-hundred day moving average is $7.18.

RYB Education (NYSE:RYB) last issued its quarterly earnings data on Tuesday, May 28th. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.07). The firm had revenue of $34.26 million for the quarter. RYB Education had a negative return on equity of 1.28% and a negative net margin of 0.88%. On average, equities analysts predict that RYB Education will post 0.09 earnings per share for the current fiscal year.

About RYB Education

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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