Nomura analyst Jessie Xu maintained a Buy rating on New Oriental Education & Technology on Wednesday, setting a price target of $19, which is approximately 15.50% above the present share price of $16.45.
Xu expects New Oriental Education & Technology to post earnings per share (EPS) of $0.33 for the second quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in New Oriental Education Tech (NYSE:EDU), with an average price target of $19.65.
The analysts price targets range from a high of $21.5 to a low of $18.7.
In its latest earnings report, released on 11/30/2020, the company reported a quarterly revenue of $887.69 million and a net profit of -$32.15 million. The company's market cap is $27.99 billion.
According to TipRanks.com, Nomura analyst Jessie Xu is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 11.3% and a 57.14% success rate.
China-based 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 the K-12 AST, Test Preparation and Other Courses, and Others segments.