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Shares of New Oriental Education & Tech Grp (NYSE:EDU) have been given an average rating of “Buy” by the nine analysts that are covering the company, Stock Ratings News reports. Two research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $33.77.

Shares of New Oriental Education & Tech Grp (NYSE:EDU) opened at 25.85 on Wednesday. New Oriental Education & Tech Grp has a 1-year low of $20.76 and a 1-year high of $34.50. The stock’s 50-day moving average is $26.17 and its 200-day moving average is $27.89. The company has a market cap of $4.040 billion and a P/E ratio of 19.84.

New Oriental Education & Tech Grp (NYSE:EDU) last released its earnings data on Monday, April 28th. The company reported $0.27 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.04. The company had revenue of $254.40 million for the quarter, compared to the consensus estimate of $267.20 million. During the same quarter last year, the company posted $0.18 earnings per share. New Oriental Education & Tech Grp’s revenue was up 16.4% compared to the same quarter last year. Analysts expect that New Oriental Education & Tech Grp will post $1.34 EPS for the current fiscal year.

EDU has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of New Oriental Education & Tech Grp in a research note on Tuesday, July 8th. They now have a $40.00 price target on the stock, up previously from $35.00. Finally, analysts at Deutsche Bank downgraded shares of New Oriental Education & Tech Grp from a “buy” rating to a “hold” rating in a research note on Monday, May 5th. They now have a $27.00 price target on the stock, down previously from $37.00.

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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