New Oriental Education & Technol (NYSE: EDU) stock closed at $77.08 on 4/24/24 after a major decline of -14.0%. Moreover, this decline was accompanied by exceptionally high trading volume at 711% of normal. The stock has declined -9.8% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
EDU’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company 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 17 but a very high Power Rating of 99, leading to the High Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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