New Oriental Education & Techno (NYSE:EDU):
New Oriental Announces Filing of Annual Report on Form 20-F for Fiscal Year 2016.
The company is so far trading up by 1.46% since yesterday’s close of $46.49.
Company shares last traded at $47.17 which is slightly above the 50 day moving average of $43.60 and which is marginally higher than the 200 day moving average of $40.68. The 50 day moving average was up $3.57 or +8.18% and the 200 day average went up $6.49 or +15.96%.
The company currently has a P/E ratio of 32.99 and the market value is 7.40B. In the last earnings report the EPS was $1.43 and is expected to be $1.80 for the current year with 156,963,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.08 and the next full year EPS is anticipated to be $2.21.
Several investment analysts have provided guidance on EDU of late. Morgan Stanley began coverage of the stock setting a rating of “Overweight” and a price target of $43.00. On February 4 the company was upgraded to “Buy” from “Neutral” in a statement from Mizuho Securities.
January 21 investment analysts at Macquarie made no change to the stock rating of “Outperform” and raised the price target from $32.00 to $33.00. Equity analyst Credit Suisse added the stock to its research portfolio with a rating of “Outperform” and projecting a price target of $36.00.
On October 30, 2015 the stock rating was rated “Outperform” by Macquarie which was a boost from the previous “Neutral” rating. On October 21 the stock rating was upgraded from “Hold” to “Buy” and a price target of $32.00 was set by Jefferies.