News stories about New Oriental Education & Technology Group (NYSE:EDU) have been trending positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. New Oriental Education & Technology Group earned a news impact score of 0.34 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.9435892243929 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:

Several brokerages recently issued reports on EDU. Morgan Stanley began coverage on shares of New Oriental Education & Technology Group in a report on Friday, August 25th. They set an “overweight” rating and a $100.00 price objective on the stock. Zacks Investment Research raised shares of New Oriental Education & Technology Group from a “hold” rating to a “buy” rating and set a $89.00 price objective on the stock in a report on Tuesday, July 18th. Benchmark Co. lifted their price objective on shares of New Oriental Education & Technology Group from $75.00 to $94.00 and gave the company a “buy” rating in a report on Wednesday, July 26th. BidaskClub lowered shares of New Oriental Education & Technology Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Jefferies Group LLC reissued a “buy” rating and set a $74.80 price objective on shares of New Oriental Education & Technology Group in a report on Friday, July 14th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $79.32.

New Oriental Education & Technology Group (EDU) opened at 81.75 on Friday. The stock has a market capitalization of $12.89 billion, a price-to-earnings ratio of 46.98 and a beta of 1.40. The firm has a 50-day moving average of $80.08 and a 200 day moving average of $68.07. New Oriental Education & Technology Group has a 12-month low of $37.16 and a 12-month high of $86.88.

New Oriental Education & Technology Group (NYSE:EDU) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.03. New Oriental Education & Technology Group had a net margin of 15.25% and a return on equity of 17.02%. The firm had revenue of $486.40 million during the quarter, compared to analyst estimates of $477.81 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. New Oriental Education & Technology Group’s revenue for the quarter was up 23.2% compared to the same quarter last year. On average, analysts predict that New Oriental Education & Technology Group will post $2.37 earnings per share for the current fiscal year.

The company also recently disclosed a special dividend, which will be paid on Friday, October 6th. Stockholders of record on Wednesday, September 6th will be issued a $0.45 dividend. This is a positive change from New Oriental Education & Technology Group’s previous special dividend of $0.40. The ex-dividend date is Friday, September 1st.

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About New Oriental Education & Technology Group

New Oriental Education & Technology Group Inc is a provider of private educational services in the People’s Republic of China (the PRC). The Company provides educational services under its New Oriental brand. The Company operates through seven segments, which include language training and test preparation, primary and secondary school education, online education, content development and distribution, pre-school education, overseas study consulting services and study tour.

Insider Buying and Selling by Quarter for New Oriental Education & Technology Group (NYSE:EDU)

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