New Oriental Education & Techno with ticker code (EDU) now have 12 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Strong_Buy’. The target price High/Low ranges between 65 and 24 calculating the mean target price we have $50.70. Given that the stocks previous close was at $35.12 this is indicating there is a potential upside of 44.4%. It’s also worth noting that there is a 50 day moving average of $41.06 while the 200 day moving average is $29.48. The total market capitalization for the company now stands at $6,267m. Visit the company website at: https://www.neworiental.org
The potential market cap would be $9,048m based on the market consensus.
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 Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Others segments. It offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the Commonwealth countries, and the People’s Republic of China. The company also provides non-academic tutoring courses; intelligent learning systems and devices to offer a digital learning experience for students; and overseas studies consulting services. In addition, it offers online education services through the Koolearn.com platform that provides comprehensive online education courses, including college educational services, such as college test preparation, overseas test preparation, and English language learning for college students and working professionals preparing for standardized tests or seeking to enhance their English language proficiency; and educational content packages to schools and institutional customers, including universities, public libraries, telecom operators, and online video streaming providers. Further, the company develops and edits educational materials for language training and test preparation. As of May 31, 2022, it offered educational programs, services, and products to students through a network of 107 schools; 637 learning centers; and nine bookstores, as well as through its online learning platforms. The company was founded in 1993 and is headquartered in Beijing, the People’s Republic of China.
The company is not paying dividends at this time.
