New Oriental Education & Technology Group (NYSE:EDU) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.5 by 5 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 1 Brokerage Firms have advised hold.
Other Equity analysts have also commented on the company shares. Morgan Stanley initiates coverage on New Oriental Education & Technology Group (NYSE:EDU). The current rating of the shares is Overweight, according to the research report released by the firm. The brokerage firm announces the price target at $43 per share. The rating by the firm was issued on April 14, 2016.
New Oriental Education & Technology Group (NYSE:EDU): According to 3 Analysts, The short term target price has been estimated at $ 34.23.The target price could deviate by a maximum of $9.17 from the forecast price. In the near term, the target price could hit a high of $43 and a low of $ 25.
New Oriental Education & Technology Group (NYSE:EDU) rose 0.97% or 0.39 points on Tuesday and made its way into the gainers of the day. After trading began at $40.39 the stock was seen hitting $40.54 as a peak level and $40.04 as the lowest level. The stock ended up at $40.54. The daily volume was measured at 824,613 shares. The 52-week high of the share price is $43.58 and the 52-week low is $18.09. The company has a market cap of $6,344 million.
Shares of New Oriental Education & Technology Group Inc. appreciated by 4.38% during the last five trading days but lost 1.24% on a 4-week basis. New Oriental Education & Technology Group Inc. is up 17.64% in the last 3-month period. Year-to-Date the stock performance stands at 29.23%.
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.