Price Action To Observe: New Oriental Education & Tech Grp (ADR) Can’t Burn Your Long Portfolio. Has Another Strong Session

Price Action To Observe: New Oriental Education & Tech Grp (ADR) Can't Burn Your Long Portfolio. Has Another Strong Session

The stock of New Oriental Education & Tech Grp (ADR) (NYSE:EDU) is a huge mover today! About 537,551 shares traded hands. New Oriental Education & Tech Grp (ADR) (NYSE:EDU) has risen 33.72% since April 14, 2016 and is uptrending. It has outperformed by 29.03% the S&P500.
The move comes after 6 months positive chart setup for the $7.68 billion company. It was reported on Nov, 16 by Barchart.com. We have $75.49 PT which if reached, will make NYSE:EDU worth $4.15 billion more.

New Oriental Education & Tech Grp (ADR) (NYSE:EDU) Ratings Coverage

Out of 8 analysts covering New Oriental Education & Technology Group (NYSE:EDU), 7 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 88% are positive. New Oriental Education & Technology Group has been the topic of 16 analyst reports since September 9, 2015 according to StockzIntelligence Inc. Morgan Stanley initiated the stock with “Overweight” rating in Thursday, April 14 report. As per Thursday, July 21, the company rating was maintained by Nomura. The stock of New Oriental Education & Tech Grp (ADR) (NYSE:EDU) has “Outperform” rating given on Friday, October 30 by Macquarie Research. Brean Capital upgraded the shares of EDU in a report on Wednesday, October 21 to “Buy” rating. The stock of New Oriental Education & Tech Grp (ADR) (NYSE:EDU) has “Buy” rating given on Wednesday, October 21 by Jefferies. The stock of New Oriental Education & Tech Grp (ADR) (NYSE:EDU) has “Outperform” rating given on Thursday, January 21 by Macquarie Research. The company was maintained on Wednesday, September 9 by JP Morgan. The company was upgraded on Thursday, February 4 by Mizuho. The firm has “Buy” rating given on Friday, January 15 by TH Capital. The stock has “Outperform” rating given by Credit Suisse on Thursday, January 14.

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.””

More notable recent New Oriental Education & Tech Grp (ADR) (NYSE:EDU) news were published by: Fool.com which released: “New Oriental Education & Tech Grp (ADR) Keeps Shining Bright” on October 25, 2016, also Fool.com with their article: “New Oriental Education & Tech Grp (ADR) Continues to Shine Brightly” published on April 20, 2016, Fool.com published: “New Oriental Education & Tech Grp (ADR) Remains a Bright Spot for Investors in …” on January 23, 2016. More interesting news about New Oriental Education & Tech Grp (ADR) (NYSE:EDU) were released by: Fool.com and their article: “New Oriental Education & Tech Grp (ADR) Continues Its Improvement” published on October 26, 2015 as well as Quotes.Wsj.com‘s news article titled: “DOW JONES, A NEWS CORP COMPANY” with publication date: February 12, 2011.

EDU Company Profile

New Oriental Education & Technology Group Inc., incorporated on January 25, 2006, is a well-known provider of private educational services in the People’s Republic of China (the PRC). The Firm offers a range of educational programs, services and products, consisting of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States, the People’s Republic of China and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education. The Firm operates through seven divisions, including language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour. The Firm provides educational services under its New Oriental brand.

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