New Oriental Education & Technology Group (EDU) – Investment Analysts’ Weekly Ratings Changes

Several analysts have recently updated their ratings and price targets for New Oriental Education & Technology Group (NYSE: EDU):

  • 8/1/2017 – New Oriental Education & Technology Group is now covered by analysts at UBS Group AG. They set a “buy” rating and a $96.75 price target on the stock.
  • 7/28/2017 – New Oriental Education & Technology Group was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “New Oriental is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental offers a wide range of educational programs, services and products consisting primarily of English and other foreign language training, test preparation courses for major admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. New Oriental’s ADSs, each of which represents four common shares, currently trade on the New York Stock Exchange under the symbol ”EDU.” “
  • 7/26/2017 – New Oriental Education & Technology Group had its price target raised by analysts at Benchmark Co. from $75.00 to $94.00. They now have a “buy” rating on the stock.
  • 7/25/2017 – New Oriental Education & Technology Group was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/18/2017 – New Oriental Education & Technology Group was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $89.00 price target on the stock. According to Zacks, “New Oriental is the largest provider of private educational services in China based on the number of program offerings, total student enrollments and geographic presence. New Oriental offers a wide range of educational programs, services and products consisting primarily of English and other foreign language training, test preparation courses for major admissions and assessment tests in the United States, the PRC and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. New Oriental’s ADSs, each of which represents four common shares, currently trade on the New York Stock Exchange under the symbol ”EDU.” “
  • 7/14/2017 – New Oriental Education & Technology Group had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $74.80 price target on the stock.

New Oriental Education & Technology Group, Inc. (NYSE EDU) opened at 77.54 on Friday. The firm has a market cap of $12.23 billion, a price-to-earnings ratio of 44.56 and a beta of 1.40. New Oriental Education & Technology Group, Inc. has a 52-week low of $37.16 and a 52-week high of $83.91. The firm’s 50-day moving average price is $76.94 and its 200 day moving average price is $64.59.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.03. New Oriental Education & Technology Group had a net margin of 15.25% and a return on equity of 17.02%. The firm had revenue of $486.40 million for the quarter, compared to analyst estimates of $477.81 million. During the same quarter in the previous year, the company earned $0.29 EPS. The company’s quarterly revenue was up 23.2% compared to the same quarter last year. On average, equities research analysts forecast that New Oriental Education & Technology Group, Inc. will post $2.37 EPS for the current year.

The company also recently disclosed a special dividend, which will be paid on Friday, October 6th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, September 1st. This is a boost from New Oriental Education & Technology Group’s previous special dividend of $0.40.

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

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