Noteworthy Stock to Watch For: New Oriental Education & Technology Group Inc. (EDU)

Investment analysts at Morgan Stanley has begun coverage on New Oriental Education & Technology (NYSE:EDU) with a key Overweight rating. The firm has initiated coverage in a note sent to investors and clients on 25 August. The firm set an "overweight" rating and a $100.00 price target on the stock. The target price per share means upside of 28.30 % from the previous close.

EDU has been the subject of several other research reports. The value of the company's investment in New Oriental Education & Techno went from $4,396,000 to $2,070,000 a change of $2,326,000 since the last quarter. Finally, Guinness Atkinson Asset Management Inc boosted its stake in New Oriental Education & Technology Group by 9.0% in the first quarter. Benchmark maintained the stock with "Buy" rating in Wednesday, July 26 report. Jefferies Group LLC reissued a "buy" rating and issued a $74.80 target price on shares of New Oriental Education & Technology Group in a report on Friday, July 14th. Brean Capital initiated it with "Buy" rating and $52 target in Thursday, July 21 report. By looking into the stock's recent history, we can find some indicators as to why the numbers dropped today.

Price targets show what analysts believes a stock will be worth at the end of a certain time period.

About 1.00 million shares traded. New Oriental Education & Technology Group, Inc. has a one year low of $37.16 and a one year high of $83.91. The company has market cap of $12.25 billion. The 50 day moving average was up $4.81 or +6.11% whereas the 200 day moving average was up $17.04 or +25.63%. The firm's quarterly revenue was up 23.2% on a year-over-year basis. To gain the mood of the market, each day the number of losers is compared to the number of stocks that have risen in value, or gainers. During the same quarter in the prior year, the firm earned $0.29 EPS. (NYSE:EDU)'s earnings per share has been growing at a 14.9 percent rate over the past 5 year when average revenue increase was noted as 19 percent. "(EDU)" was reported by TrueBlueTribune and is the property of of TrueBlueTribune. On average, equities research analysts predict that New Oriental Education & Technology Group, Inc. will post $2.37 earnings per share for the current fiscal year. The value of the investment in (EDU) increased from $105,411,000 to $133,296,000 increasing 26.5% since the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of New Oriental Education & Technology Group by 2.5% in the first quarter. Dimensional Fund Advisors LP bought a new stake in New Oriental Education & Technology Group during the fourth quarter valued at about $8,529,000. DnB Asset Management AS now owns 267,276 shares of the company's stock valued at $16,138,000 after buying an additional 95,076 shares in the last quarter.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. The Company offers a range of educational programs, services and products, consisting of English and other foreign language training, test preparation courses for admissions and assessment tests in the United States, the People's Republic of China and Commonwealth countries, primary and secondary school education, development and distribution of educational content, software and other technology, and online education.