Nomura analyst Jessie Xu maintained a Buy rating on New Oriental Education & Technology on Tuesday, setting a price target of $166, which is approximately 9.93% above the present share price of $151.
Xu expects New Oriental Education & Technology to post earnings per share (EPS) of $0.00 for the third quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Strong Buy rating of shares in New Oriental Education Tech (NYSE:EDU), with an average price target of $160.5.
The analysts price targets range from a high of $175 to a low of $148.
In its latest earnings report, released on 05/31/2020, the company reported a quarterly revenue of $798.47 million and a net profit of $10.26 million. The company's market cap is $23.92 billion.
According to TipRanks.com, Nomura analyst Jessie Xu is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 35.5% and a 83.33% success rate.
New Oriental Education & Technology Group, Inc. is a holding company, which engages in the provision of private educational services. It operates through the Language Training and Test Preparation Courses, and Others segments. The Others segment includes online education, content development and distribution, overseas study consulting services, pre-school education, primary and secondary school education, and study tour. The company was founded by Min Hong Yu and Yong Qiang Qian on August 2, 2001 and is headquartered in Beijing, China.