Impact of Brokerage Rating on New Oriental Education & Technology Group, Inc.(EDU)

Many New Oriental Education & Technology Group, Inc.(EDU) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. New Oriental Education & Tech Grp (ADR) was Initiated by BofA/Merrill to Neutral on Jan 24, 2017. New Oriental Education & Tech Grp (ADR) was Upgraded by JP Morgan to Overweight on Jan 18, 2017. New Oriental Education & Tech Grp (ADR) was Upgraded by Nomura to Buy on Jan 6, 2017.

New Oriental Education & Tech Grp (ADR) Last issued its quarterly earnings results on Jan 17, 2017. The company reported $0.08 EPS for the quarter, missing the analyst consensus estimate by $ -0.01. Analyst had a consensus of $0.09. The company had revenue of $341.20 million for the quarter, compared to analysts expectations of $330.98 million. The companys revenue was up 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 EPS.

New Oriental Education & Technology Group, Inc. (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 1.42 by 6 Brokerage Firm. 4 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.

New Oriental Education & Technology Group, Inc. (NYSE:EDU): The stock price is expected to reach $ 57.54 in the short term. The number of analysts agreeing with this consensus is 5. The higher estimate for the short term price target is at $62 while the lower estimate is at $53. The standard deviation of the price stands at $4.36.

New Oriental Education & Technology Group, Inc. (NYSE:EDU) witnessed a decline in the market cap on Tuesday as its shares dropped 3.04% or 1.56 points. After the session commenced at $51.23, the stock reached the higher end at $51.23 while it hit a low of $49.38. With the volume soaring to 1,571,719 shares, the last trade was called at $49.73. The company has a 52-week high of $53.38. The company has a market cap of $7,829 million and there are 157,439,400 shares in outstanding. The 52-week low of the share price is $29.51.

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 Orientals ADSs, each of which represents four common shares, currently trade on the New York Stock Exchange under the symbol EDU.

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