Were Analysts Bullish New Oriental Education & Technology Group Inc. (NYSE:EDU) This Week?

February 23, 2018 - By Jan Rainey

 Were Analysts Bullish New Oriental Education & Technology Group Inc. (NYSE:EDU) This Week?

New Oriental Education & Technology Group Inc. (NYSE:EDU) Ratings Coverage

Among 12 analysts covering New Oriental Education & Technology Group (NYSE:EDU), 9 have Buy rating, 2 Sell and 1 Hold. Therefore 75% are positive. New Oriental Education & Technology Group had 33 analyst reports since September 9, 2015 according to SRatingsIntel. On Friday, August 25 the stock rating was initiated by Morgan Stanley with “Overweight”. The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) has “Buy” rating given on Thursday, July 21 by Brean Capital. J.P. Morgan downgraded it to “Sell” rating and $82.0 target in Thursday, September 14 report. As per Friday, October 30, the company rating was upgraded by Macquarie Research. The company was maintained on Wednesday, September 9 by JP Morgan. On Thursday, July 13 the stock rating was maintained by Jefferies with “Buy”. JP Morgan downgraded the stock to “Neutral” rating in Wednesday, May 17 report. The firm has “Buy” rating by Brean Capital given on Wednesday, October 21. The firm has “Buy” rating given on Wednesday, July 26 by Benchmark. Jefferies reinitiated New Oriental Education & Technology Group Inc. (NYSE:EDU) on Friday, July 8 with “Buy” rating. Below is a list of New Oriental Education & Technology Group Inc. (NYSE:EDU) latest ratings and price target changes.

24/01/2018 Broker: Jefferies Rating: Buy New Target: $104.0 Maintain
24/01/2018 Broker: JP Morgan Old Rating: Underweight New Rating: Underweight Old Target: $70 New Target: $72 Maintain
04/01/2018 Broker: Deutsche Bank Rating: Buy New Target: $116 Initiates Coverage On
25/10/2017 Broker: Jefferies Rating: Buy New Target: $109.0 Maintain
06/10/2017 Broker: Benchmark Rating: Buy Old Target: $94.00 New Target: $100.00 Maintain
25/09/2017 Broker: Inc. Sponsored ADR representing 1 Ordinary Share (Cayman Islands) Rating: Bank Of America
14/09/2017 Broker: J.P. Morgan Rating: Sell New Target: $82.0 Downgrade
14/09/2017 Broker: Inc. Sponsored ADR representing 1 Ordinary Share (Cayman Islands) Rating: Jp Morgan
27/08/2017 Broker: Jefferies Rating: Buy New Target: $93.5 Maintain
25/08/2017 Broker: Morgan Stanley Rating: Overweight New Target: $100.00 Initiate

The stock increased 1.40% or $1.29 during the last trading session, reaching $93.71. About 180,679 shares traded. New Oriental Education & Technology Group Inc. (NYSE:EDU) has risen 76.69% since February 23, 2017 and is uptrending. It has outperformed by 59.99% the S&P500.

New Oriental Education & Technology Group Inc. provides private educational services under the New Oriental brand in the PeopleÂ’s Republic of China. The company has market cap of $14.82 billion. The firm operates through 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 divisions. It has a 51.77 P/E ratio. It offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the PeopleÂ’s Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to achieve better scores on entrance exams for admission into high schools or higher education institutions, as well as for children to teach English.

More notable recent New Oriental Education & Technology Group Inc. (NYSE:EDU) news were published by: Fool.com which released: “New Oriental Education & Tech Grp (ADR) Proves It’s Gaining Popularity, but …” on July 23, 2015, also Fool.com with their article: “New Oriental Education & Tech Grp (ADR) Focuses on Long-Term Market Share” published on October 26, 2017, Marketwatch.com published: “New Oriental Education & Technology Group Inc. ADR” on January 19, 2016. More interesting news about New Oriental Education & Technology Group Inc. (NYSE:EDU) were released by: Seekingalpha.com and their article: “New Oriental Education: Growth And Profitability” published on October 31, 2016 as well as Fool.com‘s news article titled: “Why New Oriental Education & Tech Grp Stock Rocketed 36% Higher in October” with publication date: November 13, 2015.

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