Nomura Maintains New Oriental Education & Tech Grp (ADR) to Neutral with Price Target $40.00

Brokerage firm Nomura Maintains its rating on New Oriental Education & Tech Grp (ADR)(NYSE:EDU). In a research note issued to the investors, the brokerage major Raises the price-target to $40.00 per share. The shares have been rated Neutral. The rating by Nomura was issued on Jul 21, 2016.

New Oriental Education & Tech Grp (ADR) (EDU) made into the market gainers list on Wednesdays trading session with the shares advancing 6.68% or 2.79 points. Due to strong positive momentum, the stock ended at $44.57, which is also near the day’s high of $45.15. The stock began the session at $40.07 and the volume stood at 37,92,925 shares. The 52-week high of the shares is $45.15 and the 52 week low is $18.09. The company has a current market capitalization of $6,975 M and it has 15,64,86,760 shares in outstanding.

New Oriental Education & Tech Grp (ADR)(EDU) last announced its earnings results on Apr 19, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $346.91M. Analysts had an estimated revenue of $335.96M. Earnings per share were $0.34. Analysts had estimated an EPS of $0.28.

New Oriental Education & Technology Group Inc. is a provider of private educational services in the People’s Republic of China (the PRC). The Company offers a range of educational programs services and products consisting primarily of English and other foreign language training test preparation courses for 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. The Company operates through six segments: language training and test preparation primary and secondary school education online education content development and distribution post-secondary education and overseas study consulting services. All of the Company’s schools learning centers and bookstores operate under its New Oriental brand.

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