New Oriental Education & Tech. Group PT Raised to $36.00 at Jefferies Group (EDU)
Equities researchers at Jefferies Group boosted their target price on shares of New Oriental Education & Tech. Group (NYSE:EDU) to $36.00 in a research report issued on Wednesday, American Banking News reports. Jefferies Group’s price objective would indicate a potential upside of 11.08% from the stock’s previous close.
A number of other firms have also recently commented on EDU. Analysts at Zacks downgraded shares of New Oriental Education & Tech. Group from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, January 1st. They now have a $33.00 price target on the stock. Separately, 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. New Oriental Education & Tech. Group presently has a consensus rating of “Buy” and a consensus target price of $32.00.
Shares of New Oriental Education & Tech. Group (NYSE:EDU) traded up 3.68% on Wednesday, hitting $32.41. 1,528,179 shares of the company’s stock traded hands. New Oriental Education & Tech. Group has a one year low of $14.40 and a one year high of $32.00. The stock has a 50-day moving average of $29. and a 200-day moving average of $25.34. The company has a market cap of $5.028 billion and a P/E ratio of 29.24.
New Oriental Education & Tech. Group (NYSE:EDU) last announced its 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.
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