New Oriental Education & Tech Grp (ADR) (EDU) is Resumed by Jefferies to Buy, Price Target at $50

New Oriental Education & Tech Grp (ADR) (EDU) was Resumed by Jefferies to “Buy” and the brokerage firm has set the Price Target at $50. Jefferies advised their investors in a research report released on Jul 8, 2016.

On the company’s financial health, New Oriental Education & Tech Grp (ADR) reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.33. The company had revenue of $346.90 million for the quarter, compared to analysts expectations of $337.51 million. The company’s revenue was up 20.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS.

New Oriental Education & Tech Grp (ADR) opened for trading at $42.48 and hit $42.92 on the upside on Tuesday, eventually ending the session at $42.57, with a gain of 1.21% or 0.51 points. The heightened volatility saw the trading volume jump to 46,80,955 shares. Company has a market cap of $6,662 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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