New Oriental Education & Tech Grp (ADR) (EDU) is Initiated by Brean Capital to Buy, Price Target at $52

New Oriental Education & Tech Grp (ADR) (EDU) was Initiated by Brean Capital to “Buy” and the brokerage firm has set the Price Target at $52. Brean Capital advised their investors in a research report released on Jul 21, 2016.

Many Wall Street Analysts have commented on New Oriental Education & Tech Grp (ADR). Jefferies Resumed New Oriental Education & Tech Grp (ADR) on Jul 8, 2016 to “Buy”, Price Target of the shares are set at $50.

On the company’s financial health, New Oriental Education & Tech Grp (ADR) reported $0.29 EPS for the quarter, based on the information available during the earnings call on Jul 20, 2016. Analyst had a consensus estimate of $0.29. The company had revenue of $394.90 million for the quarter, compared to analysts expectations of $388.64 million. The company’s revenue was up 20.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 EPS.

New Oriental Education & Tech Grp (ADR) opened for trading at $40.07 and hit $45.15 on the upside on Wednesday, eventually ending the session at $44.57, with a gain of 6.68% or 2.79 points. The heightened volatility saw the trading volume jump to 37,92,925 shares. Company has a market cap of $6,975 M.

New Oriental Education & Technology Group Inc. is a provider of private educational services in the People’s Republic of China (the PRC). The Company 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. The Company operates through six segments: language training and test preparation primary and secondary school education online education content development and distribution post-secondary education and overseas study consulting services. All of the Company’s schools learning centers and bookstores operate under its New Oriental brand.

New Oriental Education & Tech Grp (ADR)

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