Media stories about New Oriental Education & Tech Grp (NYSE:EDU) have trended positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. New Oriental Education & Tech Grp earned a coverage optimism score of 0.34 on Accern’s scale. Accern also gave headlines about the company an impact score of 47.5708274817503 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
Several research firms have recently issued reports on EDU. Zacks Investment Research cut New Oriental Education & Tech Grp from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. upped their price objective on New Oriental Education & Tech Grp from $70.00 to $72.00 and gave the company an “underweight” rating in a report on Wednesday, January 24th. Benchmark upped their price objective on New Oriental Education & Tech Grp from $100.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Deutsche Bank assumed coverage on New Oriental Education & Tech Grp in a report on Thursday, January 4th. They issued a “buy” rating and a $116.00 price objective for the company. Finally, CLSA upgraded New Oriental Education & Tech Grp from an “underperform” rating to an “outperform” rating in a report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $98.95.
Shares of New Oriental Education & Tech Grp (EDU) traded up $3.11 during trading on Wednesday, hitting $88.79. The stock had a trading volume of 1,730,000 shares, compared to its average volume of 2,270,000. The firm has a market capitalization of $14,040.00, a price-to-earnings ratio of 49.06, a price-to-earnings-growth ratio of 1.43 and a beta of 1.38. New Oriental Education & Tech Grp has a twelve month low of $47.99 and a twelve month high of $108.40.
New Oriental Education & Tech Grp (NYSE:EDU) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03). The firm had revenue of $467.20 million during the quarter, compared to analyst estimates of $456.93 million. New Oriental Education & Tech Grp had a net margin of 13.92% and a return on equity of 16.19%. The company’s quarterly revenue was up 36.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.08 EPS. research analysts expect that New Oriental Education & Tech Grp will post 1.91 earnings per share for the current fiscal year.
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New Oriental Education & Tech Grp Company Profile
New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.
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