Analyst Rating Update on New Oriental Education & Technology Group (EDU)

New Oriental Education & Technology Group (NYSE:EDU) : The consensus on New Oriental Education & Technology Group (NYSE:EDU) based on 5 analyst recommendation on the company stock is 1.5, which is interpreted as a Strong Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 3 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

New Oriental Education & Technology Group (NYSE:EDU) : The most positive equity analysts on New Oriental Education & Technology Group (NYSE:EDU) expects the shares to touch $43, whereas, the least positive believes that the stock will trade at $25 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $34.23 with an expected fluctuation of $9.17 from the mean.

For the current week, the company shares have a recommendation consensus of Buy. Also, Morgan Stanley initiates coverage on New Oriental Education & Technology Group (NYSE:EDU) In a research note issued to the investors, the brokerage major announces price-target of $43 per share.The shares have been rated Overweight. The rating by the firm was issued on April 14, 2016.

New Oriental Education & Technology Group (NYSE:EDU): stock turned positive on Tuesday. Though the stock opened at $41.37, the bulls momentum made the stock top out at $41.99 level for the day. The stock recorded a low of $40.86 and closed the trading day at $40.95, in the green by 0.02%. The total traded volume for the day was 2,462,371. The stock had closed at $40.94 in the previous days trading.

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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