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New Oriental Education & Tech. Group (NYSE:EDU)‘s stock had its “outperform” rating reiterated by investment analysts at Wells Fargo & Co. in a note issued to investors on Monday, StockRatingsNetwork.com reports. They currently have a $34.00 price target on the stock. Wells Fargo & Co.’s price objective points to a potential upside of 42.92% from the stock’s previous close.

New Oriental Education & Tech. Group (NYSE:EDU) traded up 2.23% on Monday, hitting $24.32. The stock had a trading volume of 600,166 shares. New Oriental Education & Tech. Group has a 1-year low of $13.75 and a 1-year high of $24.42. The stock’s 50-day moving average is $22.4 and its 200-day moving average is $20.20. The company has a market cap of $3.787 billion and a P/E ratio of 27.44.

New Oriental Education & Tech. Group (NYSE:EDU) last posted its quarterly earnings results on Tuesday, July 23rd. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.16 by $0.06. The company had revenue of $239.60 million for the quarter, compared to the consensus estimate of $240.39 million. During the same quarter last year, the company posted $0.15 earnings per share. New Oriental Education & Tech. Group’s revenue was up 24.0% compared to the same quarter last year. On average, analysts predict that New Oriental Education & Tech. Group will post $1.31 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Zacks downgraded shares of New Oriental Education & Tech. Group (NYSE:EDU) from an “outperform” rating to a “neutral” rating in a research note to investors on Friday, July 26th. They now have a $26.60 price target on the stock. Separately, analysts at TheStreet upgraded shares of New Oriental Education & Tech. Group (NYSE:EDU) to a “buy” rating in a research note to investors on Tuesday, July 23rd. Finally, analysts at Oppenheimer raised their price target on shares of New Oriental Education & Tech. Group (NYSE:EDU) from $21.00 to $26.00 in a research note to investors on Thursday, July 11th. They now have an “outperform” rating on the stock.

Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $27.13.

New Oriental Education & Technology Group Inc is a provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence.

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