It Seems New Oriental Education & Technology Group Inc. (EDU) Will Go Up. Have Another Big Increase

February 15, 2018 - By Adrian Erickson

The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) is a huge mover today! The stock increased 4.19% or $3.7199 during the last trading session, reaching $92.5099. About 1.21M shares traded. New Oriental Education & Technology Group Inc. (NYSE:EDU) has risen 76.69% since February 15, 2017 and is uptrending. It has outperformed by 59.99% the S&P500.
The move comes after 8 months positive chart setup for the $14.63 billion company. It was reported on Feb, 15 by Barchart.com. We have $98.99 PT which if reached, will make NYSE:EDU worth $1.02 billion more.

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. The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) earned “Buy” rating by Brean Capital on Wednesday, October 21. The firm has “Overweight” rating by JP Morgan given on Wednesday, September 9. TH Capital maintained it with “Buy” rating and $52 target in Thursday, July 21 report. The firm earned “Buy” rating on Wednesday, April 19 by Benchmark. The stock has “Buy” rating by TH Capital on Monday, January 18. The rating was upgraded by Mizuho to “Buy” on Thursday, February 4. The firm earned “Overweight” rating on Friday, August 25 by Morgan Stanley. The stock of New Oriental Education & Technology Group Inc. (NYSE:EDU) has “Buy” rating given on Friday, January 15 by TH Capital. The rating was reinitiated by Jefferies on Friday, July 8 with “Buy”. The rating was maintained by Macquarie Research on Thursday, January 21 with “Outperform”.

More notable recent New Oriental Education & Technology Group Inc. (NYSE:EDU) news were published by: Foxbusiness.com which released: “New Oriental Education & Technology Group (ADR) Continues Its Massive Expansion” on January 23, 2018, also Fool.com with their article: “Why New Oriental Education & Tech Grp Stock Rocketed 36% Higher in October” published on November 13, 2015, Fool.com published: “The Profit Levers Are Working for New Oriental Education & Tech Grp (ADR)” on April 24, 2017. More interesting news about New Oriental Education & Technology Group Inc. (NYSE:EDU) were released by: Fool.com and their article: “New Oriental Education & Tech Grp (ADR) Focuses on Long-Term Market Share” published on October 26, 2017 as well as Fool.com‘s news article titled: “New Oriental Education & Tech Grp (ADR) Proves It’s Gaining Popularity, but …” with publication date: July 23, 2015.

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 $14.63 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 51.11 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.

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