Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) gapped down prior to trading on Monday . The stock had previously closed at $40.25, but opened at $40.71. New Oriental Education & Technology Group shares last traded at $42.14, with a volume of 1,863,900 shares trading hands.

A number of analysts recently commented on the stock. Brean Capital restated a “buy” rating on shares of New Oriental Education & Technology Group in a research report on Tuesday, August 2nd. Zacks Investment Research upgraded shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Friday, July 22nd. T.H. Capital upped their price objective on shares of New Oriental Education & Technology Group from $34.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, July 21st. Nomura upped their price objective on shares of New Oriental Education & Technology Group from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, July 21st. Finally, Jefferies Group restated a “buy” rating and issued a $50.00 price objective on shares of New Oriental Education & Technology Group in a research report on Friday, July 8th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $41.27.

The firm has a market capitalization of $6.61 billion and a P/E ratio of 29.47. The company has a 50-day moving average price of $42.39 and a 200-day moving average price of $38.85.

New Oriental Education & Technology Group (NYSE:EDU) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $394.90 million for the quarter, compared to analyst estimates of $389.98 million. During the same quarter last year, the firm posted $0.26 EPS. New Oriental Education & Technology Group’s revenue for the quarter was up 20.1% on a year-over-year basis. Analysts anticipate that New Oriental Education & Technology Group Inc. will post $1.80 earnings per share for the current year.

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.

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