New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.76 per share and revenue of $1.24 billion for the quarter. Investors interested in participating in the company's conference call can do so using this link.
New Oriental Education & Technology Group Stock Up 1.5 %
NYSE EDU traded up $0.65 during trading hours on Friday, reaching $44.84. The company's stock had a trading volume of 779,075 shares, compared to its average volume of 1,898,779. New Oriental Education & Technology Group has a 1 year low of $40.66 and a 1 year high of $91.04. The company has a market capitalization of $7.61 billion, a price-to-earnings ratio of 19.08 and a beta of 0.37. The firm's 50-day moving average price is $48.02 and its 200-day moving average price is $56.13.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on EDU shares. Citigroup lowered shares of New Oriental Education & Technology Group from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $83.00 to $50.00 in a research report on Friday, January 24th. Morgan Stanley cut New Oriental Education & Technology Group from an "overweight" rating to an "equal weight" rating and reduced their target price for the stock from $83.00 to $52.00 in a report on Wednesday, January 22nd. China Renaissance lowered New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Macquarie downgraded New Oriental Education & Technology Group from an "outperform" rating to an "underperform" rating and reduced their price objective for the stock from $79.00 to $44.00 in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. downgraded New Oriental Education & Technology Group from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $85.00 to $50.00 in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $61.20.
Check Out Our Latest Analysis on EDU
About New Oriental Education & Technology Group
(
Get Free Report)
New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.
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