New Oriental Education & Technology Group (NYSE:EDU) Getting Favorable Media Coverage, Analysis Shows

News headlines about New Oriental Education & Technology Group (NYSE:EDU) have trended positive recently, according to Accern Sentiment Analysis. The research group scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New Oriental Education & Technology Group earned a daily sentiment score of 0.35 on Accern’s scale. Accern also gave headlines about the company an impact score of 47.6929629062202 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

These are some of the headlines that may have impacted Accern’s scoring:

• Approaching Breakout Points in These Stocks – Investopedia (investopedia.com)
• New Oriental Education & Technology Group Inc (EDU), and Total SA (TOT) Seeing Increased Action in Session – Evergreen Caller (evergreencaller.com)
• New Oriental Education & Technology Group Inc. (EDU) stock returned 16.12% positive in past quarter – Street Observer (press release) (streetobserver.com)
• New Oriental Education & Technology Group Inc. (EDU) has a value of $82.34 per share While AirMedia Group Inc … – Stocks Gallery (stocksgallery.com)
• Here’s A Quick Technical Analysis Of New Oriental Education & Technology Group Inc. (EDU) – StockNewsGazette (stocknewsgazette.com)

Several research analysts have recently weighed in on the stock. Jefferies Group LLC restated a “buy” rating and issued a $74.80 target price on shares of New Oriental Education & Technology Group in a research note on Friday, July 14th. Benchmark Co. upped their target price on shares of New Oriental Education & Technology Group from $75.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, July 26th. BidaskClub downgraded shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. UBS AG assumed coverage on shares of New Oriental Education & Technology Group in a research note on Tuesday, August 1st. They issued a “buy” rating and a $96.75 target price for the company. Finally, Zacks Investment Research downgraded shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 28th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $76.36.

New Oriental Education & Technology Group (NYSE:EDU) opened at 79.20 on Friday. The firm’s 50-day moving average is $78.10 and its 200-day moving average is $65.74. New Oriental Education & Technology Group has a 1-year low of $37.16 and a 1-year high of $83.91. The company has a market capitalization of $12.49 billion, a P/E ratio of 45.52 and a beta of 1.40.

New Oriental Education & Technology Group (NYSE:EDU) last posted its quarterly earnings results on Tuesday, July 25th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.03. New Oriental Education & Technology Group had a return on equity of 17.02% and a net margin of 15.25%. The business had revenue of $486.40 million for the quarter, compared to analyst estimates of $477.81 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The firm’s quarterly revenue was up 23.2% on a year-over-year basis. Equities research analysts predict that New Oriental Education & Technology Group will post $2.37 EPS for the current year.

The firm also recently declared a special dividend, which will be paid on Friday, October 6th. Shareholders of record on Wednesday, September 6th will be paid a dividend of $0.45 per share. The ex-dividend date is Friday, September 1st. This is an increase from New Oriental Education & Technology Group’s previous special dividend of $0.40.

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About New Oriental Education & Technology Group

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.