Media coverage about New Oriental Education & Tech Grp (NYSE:EDU) has trended positive on Friday, Accern reports. Accern rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. New Oriental Education & Tech Grp earned a coverage optimism score of 0.28 on Accern’s scale. Accern also assigned headlines about the company an impact score of 45.6928719304045 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
EDU has been the subject of several research analyst reports. ValuEngine raised New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating in a research note on Wednesday, May 23rd. CLSA downgraded New Oriental Education & Tech Grp from an “outperform” rating to an “underperform” rating in a research note on Thursday, May 24th. JPMorgan Chase & Co. raised their target price on New Oriental Education & Tech Grp from $90.00 to $102.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 29th. Finally, Zacks Investment Research raised New Oriental Education & Tech Grp from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Tuesday, June 26th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $105.55.
New Oriental Education & Tech Grp stock traded down $0.73 during midday trading on Friday, reaching $78.60. 1,649,000 shares of the stock traded hands, compared to its average volume of 1,677,417. New Oriental Education & Tech Grp has a 12-month low of $73.51 and a 12-month high of $108.40. The stock has a market capitalization of $10.98 billion, a price-to-earnings ratio of 42.03, a price-to-earnings-growth ratio of 1.03 and a beta of 1.28.
About New Oriental Education & Tech Grp
New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company 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 segments.
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