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Analysts at Citigroup Inc. assumed coverage on shares of New Oriental Education & Tech. Group (NYSE:EDU) in a research report issued to clients and investors on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.

New Oriental Education & Tech. Group (NYSE:EDU) last announced its earnings results on Tuesday, January 21st. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.02) by $0.08. The company had revenue of $208.30 million for the quarter, compared to the consensus estimate of $207.56 million. During the same quarter last year, the company posted ($0.06) earnings per share. New Oriental Education & Tech. Group’s revenue was up 25.6% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of New Oriental Education & Tech. Group from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, January 30th. They now have a $34.60 price target on the stock. Separately, analysts at Jefferson Research downgraded shares of New Oriental Education & Tech. Group from a “buy” rating to a “hold” rating in a research note to investors on Friday, January 24th. Finally, analysts at BNP Paribas initiated coverage on shares of New Oriental Education & Tech. Group in a research note to investors on Tuesday, January 21st. They set a “buy” rating on the stock. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. New Oriental Education & Tech. Group currently has an average rating of “Buy” and an average price target of $32.32.

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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