Nomura reissued the ‘buy’ rating that it had already given to NYSE:EDU on Tuesday, according to AnalystRatings. Most of the other research analysts, too, issued several reports about this stock. Goldman Sachs Group decided to lift the target price for the shares of NYSE:EDU from $145, to $149, while Zacks Investment Research also raised the rating of stocks from ‘Strong Sell’, to ‘Hold’ in yet another Tuesday report. Jefferies Financial Group covered the group with a target price of $175 on every stock and a ‘buy’ rating. Two of the analysts have already rated the stock with a rating of ‘hold’, while eight have already given NYSE:EDU a ‘buy’ rating, with one analyst giving it a ‘strong buy’. Currently, the average price for the stocks of this firm is $154, while the average rating is ‘buy’.
The quarterly earnings of NYSE:EDU was last posted on the 28th of July. The EPS for the company was reported at $0.30 which beat the consensus estimates of the analysts. The revenue for the firm was $798.50 million, which was more than the expectations of the analysts. NYSE:EDU had a net margin of 11.55%, and a return on equity of 15.17%. In the same quarter the previous year, the EPS of the company was $0.60. Equities Research analysts are of the opinion that the company would be posting an EPS of 3.25 for this year.
About New Oriental Education & Technology Group (NYSE:EDU)
NYSE:EDU is a provider of private educational services that falls under the New Oriental Brand. The company mainly issued courses on test preparation, and after-school lessons to increase one’s exam scores.