New Oriental Education & Technology (NYSE:EDU) Has Just Had Its Target Price Upgraded by Stock Analysts at Brean Murray to $41.00

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Stock Analysis:New Oriental Education & Technology (NYSE:EDU) Stock Target Has Been Increased

In a note distributed to Clients by Brean Murray on 8 December, New Oriental Education & Technology (NYSE:EDU) had its TP increased to $41.00. The firm currently has a solid “Buy” rating on shares.

From a total of 12 analysts covering New Oriental Education & Technology Group (NYSE:EDU) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 58% of the ratings are positive. The highest target price is $37 while the lowest target price is $24. The mean of all analyst targets is $29.55 with a 13.46% above today’s ($32.32) stock price. New Oriental Education & Technology Group was the topic of 6 analyst reports since September 9, 2015 according to the firm StockzIntelligence Inc. Macquarie Research upgraded shares on October 30 to “Outperform” rating.

The stock increased 2.28% or $0.72 during the last trading session, striking $32.32. Approximately shares of stock traded hands. New Oriental Education & Tech Grp (ADR) (NYSE:EDU) has risen 29.64% since May 6, 2015 and is uptrending. It has outperformed by 30.44% the S&P500.

New Oriental Education & Technology (NYSE:EDU) Has Just Had Its Target Price Upgraded by Stock Analysts at Brean Murray to $41.00

New Oriental Education & Technology Group Inc. is a well-known provider of private educational services in the People’s Republic of China . The company has a market cap of $4.95 billion. The Firm 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. It has 24.21 P/E ratio. The Firm operates through six divisions: language training and test preparation, primary and secondary school education, online education, content development and distribution, post-secondary education and overseas study consulting services.

According to Zacks Investment Research, “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 Oriental’s ADSs, each of which represents four common shares, currently trade on the New York Stock Exchange under the symbol ”EDU.”” Get a free copy of the Zacks research report on New Oriental Education & Tech Grp (ADR) (EDU).

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