New Oriental Education & Technol (NYSE: EDU) has benefited from meaningful positive changes in fundamentals: the consensus estimate for May, 2024 increased significantly, the consensus estimate for May, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
Recent notable positive changes in investment behavior have benefitted New Oriental Education & Technol (NYSE: EDU): the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
EDU is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
New Oriental Education & Technol has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. New Oriental Education & Technol has a very low Appreciation Score of 11 but a good Power Rating of 77, triggering the Low Neutral Value Trend Rating.
Recent Price Action
New Oriental Education & Technol (NYSE: EDU) stock closed at $79.56 on 7/5/24 after a decline of -3.4%. This decline was accompanied by normal trading volume. The stock has risen 2.8% during the last week and has been strong relative to the market over the last nine months.
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