Analyst Price Target Update on New Oriental Education & Technology Group (NYSE:EDU)

New Oriental Education & Technology Group (NYSE:EDU): 3 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $34.23 in New Oriental Education & Technology Group (NYSE:EDU). However, the stock price could fluctuate by $ 9.17 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $43 price target with the lower price estimate is calculated at $25

Many analysts have stated their opinion on the company shares. Morgan Stanley initiates coverage on New Oriental Education & Technology Group (NYSE:EDU).The analysts at the brokerage house have a current rating of Overweight on the shares. In a recent information released to the investors, Morgan Stanley announces the price target of $43 per share. The rating by the firm was issued on April 14, 2016. For the current week, the company shares have a recommendation consensus of Buy.

New Oriental Education & Technology Group (NYSE:EDU) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.52 points or 1.33% at $38.46 with 935,562 shares getting traded. Post opening the session at $38.66, the shares hit an intraday low of $38.41 and an intraday high of $39.3 and the price was in this range throughout the day. The company has a market cap of $6,018 million and the number of outstanding shares have been calculated to be 156,486,760 shares. The 52-week high of New Oriental Education & Technology Group (NYSE:EDU) is $43.58 and the 52-week low is $18.09.

New Oriental Education & Technology Group Inc. is a provider of private educational services in the Peoples 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 Companys schools, learning centers and bookstores operate under its New Oriental brand.

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