Analysts predict New Oriental Education & Technology Group Inc. ADR (EDU) stock to reach $83 in the next 12 months

New Oriental Education & Technology Group Inc. ADR [EDU] stock is trading at $62.96, up 2.76%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The EDU shares have gain 5.27% over the last week, with a monthly amount glided 9.10%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

On November 07, 2023, Morgan Stanley initiated with a Overweight rating and assigned a price target of $81 on the stock. CLSA upgraded its rating to a Buy. BofA Securities upgraded its rating to Buy for this stock on July 29, 2022, and upped its price target to $36.60. In a note dated July 28, 2022, Macquarie upgraded an Outperform rating on this stock.

New Oriental Education & Technology Group Inc. ADR [EDU] stock has fluctuated between $54.00 and $97.23 over the past year. Currently, Wall Street analysts expect the stock to reach $83 within the next 12 months. New Oriental Education & Technology Group Inc. ADR [NYSE: EDU] shares were valued at $62.96 at the most recent close of the market. An investor can expect a potential return of 31.83% based on the average EDU price forecast.

Analyzing the EDU fundamentals

New Oriental Education & Technology Group Inc. ADR [NYSE:EDU] reported sales of 4.65B for the trailing twelve months, which represents a growth of 30.49%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.09%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.08%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.1 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 61.78 points at the first support level, and at 60.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.65, and for the 2nd resistance point, it is at 64.33.

Ratios To Look Out For

For context, New Oriental Education & Technology Group Inc. ADR’s Current Ratio is 1.85. In addition, the Quick Ratio stands at 1.82 and the Cash Ratio stands at 0.39. Considering the valuation of this stock, the price to sales ratio is 2.21, the price to book ratio is 2.63 and price to earnings (TTM) ratio is 26.88.

Transactions by insiders

Recent insider trading involved Hsieh Louis, Officer, that happened on Nov 07 ’24 when 21363.0 shares were purchased.

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