Zacks: Sunlands Online Education Group – (NYSE:STG) Receives Consensus Recommendation of “Strong Buy” from Brokerages

Sunlands Online Education Group – (NYSE:STG) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price target of $10.51 for the company, according to Zacks. Zacks has also given Sunlands Online Education Group an industry rank of 63 out of 256 based on the ratings given to its competitors.

Several research analysts have recently issued reports on STG shares. Credit Suisse Group lowered shares of Sunlands Online Education Group from a “neutral” rating to an “underperform” rating in a research note on Wednesday, May 29th. ValuEngine lowered Sunlands Online Education Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st.

A hedge fund recently raised its stake in Sunlands Online Education Group stock. Hsbc Holdings PLC grew its stake in Sunlands Online Education Group – (NYSE:STG) by 93.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,445,088 shares of the company’s stock after acquiring an additional 1,662,589 shares during the quarter. Hsbc Holdings PLC owned 3.18% of Sunlands Online Education Group worth $10,473,000 at the end of the most recent quarter. Institutional investors own 26.34% of the company’s stock.

STG traded down $0.01 on Friday, reaching $2.39. 8,714 shares of the stock were exchanged, compared to its average volume of 14,293. The firm’s 50-day moving average is $2.60. Sunlands Online Education Group has a fifty-two week low of $2.01 and a fifty-two week high of $9.26. The stock has a market capitalization of $258.66 million, a price-to-earnings ratio of -2.78 and a beta of 3.12.

Sunlands Online Education Group (NYSE:STG) last issued its quarterly earnings results on Tuesday, May 28th. The company reported ($0.10) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.17) by $0.07. The firm had revenue of $84.07 million for the quarter. On average, sell-side analysts forecast that Sunlands Online Education Group will post -0.09 EPS for the current year.

About Sunlands Online Education Group

Sunlands Technology Group, through its subsidiaries, provides online education services in the People's Republic of China. The company offers various degree- and diploma-oriented post-secondary courses, including preparation courses for the self-taught higher education examination (STE) for learners pursuing associate diplomas or bachelor's degrees, as well as for the entrance examinations of master of business administration programs.

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