Significant positive changes in New Oriental Education & Technol (NYSE: EDU) fundamentals have recently occurred: the consensus estimate for May, 2024 increased significantly, the consensus estimate for May, 2023 increased significantly, and significant quarterly earnings acceleration occurred.
New Oriental Education & Technol (NYSE: EDU). Important positive changes in investment behavior have recently occurred: 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
With future capital returns forecasted to be above the cost of capital, EDU is expected to continue to be a major Value Builder.
New Oriental Education & Technol has a current Value Trend Rating of C (High 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 poor Appreciation Score of 18 but a very high Power Rating of 99, triggering the High Neutral Value Trend Rating.
Recent Price Action
New Oriental Education & Technol (NYSE: EDU) stock closed at $84.80 on 4/9/24 after a slight decline of -0.7%. Trading volume in this decline was normal. The stock has declined -3.1% during the last week but has been exceptionally strong relative to the market over the last nine months.
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