New Oriental Education & Tech. Group Lowered to “Neutral” at Zacks (EDU)
New Oriental Education & Tech. Group (NYSE:EDU) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday, StockRatingsNetwork.com reports. They currently have a $33.00 price objective on the stock. Zacks‘ target price indicates a potential upside of 4.76% from the company’s current price.
EDU has been the subject of a number of other recent research reports. Analysts at Jefferies Group raised their price target on shares of New Oriental Education & Tech. Group from $25.30 to $31.00 in a research note to investors on Thursday, October 24th. They now have a “buy” rating on the stock. Analysts at Deutsche Bank raised their price target on shares of New Oriental Education & Tech. Group from $27.00 to $31.00 in a research note to investors on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $31.00.
New Oriental Education & Tech. Group (NYSE:EDU) traded up 1.61% during mid-day trading on Wednesday, hitting $31.50. The stock had a trading volume of 852,932 shares. New Oriental Education & Tech. Group has a 52 week low of $14.40 and a 52 week high of $32.00. The stock’s 50-day moving average is $29.39 and its 200-day moving average is $25.05. The company has a market cap of $4.887 billion and a P/E ratio of 29.00.
New Oriental Education & Tech. Group (NYSE:EDU) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.84 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.79 by $0.05. The company had revenue of $388.70 million for the quarter, compared to the consensus estimate of $397.90 million. During the same quarter last year, the company posted $0.65 earnings per share. New Oriental Education & Tech. Group’s revenue was up 15.8% compared to the same quarter last year. Analysts expect that New Oriental Education & Tech. Group will post $1.26 EPS for the current fiscal year.
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.
To view Zacks’ full report, visit www.zacks.com
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.