New Oriental Education & Techno found using ticker (EDU) now have 16 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 112 and 15.06 calculating the mean target price we have 39.79. Given that the stocks previous close was at 22.02 this is indicating there is a potential upside of 80.7%. The day 50 moving average is 12.82 and the 200 moving average now moves to 16.91. The company has a market capitalisation of $3,660m. Company Website: https://www.neworiental.org
The potential market cap would be $6,614m based on the market concensus.
New Oriental Education & Technology Group Inc. provides private educational services under the New Oriental brand in the People’s Republic of China. It operates through K-12 AST, Test Preparation and Other Courses; Online Education; and Others segments. The company offers test preparation courses to students taking language and entrance exams used by educational institutions in the United States, the People’s Republic of China, and the Commonwealth countries; and after-school tutoring courses for middle and high school students to enhance their exam scores, as well as for children to teach English. It also provides language training courses, including English, as well as other foreign languages, such as German, Japanese, French, Korean, Italian, and Spanish; operates a full-time private primary and secondary school in Yangzhou seeking a full curriculum with a focus on English; develops and edits educational materials for language training and test preparation; and offers online education programs that include college, K-12, and pre-school education. In addition, the company offers overseas studies consulting and overseas study tour services. As of May 31, 2021, it offered educational programs, services, and products to students through a network of 122 schools, 1,547 learning centers, and 11 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.
