New Oriental Education & Technology Group, Inc. (NYSE:EDU) has a mean price target of $49.00 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.08 a share for the very next quarter and $1.80 for this year.
The technical study of New Oriental Education & Techno demonstrates that the 50-day moving average of New Oriental Education & Technology Group, Inc. (NYSE:EDU) stock is $42.60, and is trading $2.52 points away or +5.91% from 50-day moving average of $42.60. It is trading $5.54 or +14.01% away 200-day moving average of $39.58.
The 52-week high of New Oriental Education & Technology Group, Inc. (NYSE:EDU) was $45.90 while $18.22 is the low mark in the same period. It state New Oriental Education & Techno share price has to surge more than $-0.78 to hit 52-week high or drop +147.64% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of New Oriental Education & Techno, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. New Oriental Education & Technology Group, Inc. (NYSE:EDU) ratio came in at 31.55, after dividing current equity price by yearly earnings. New Oriental Education & Techno stock recorded a close of $45.12 in last trading session, registering a market cap of $7.08B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. New Oriental Education & Technology Group, Inc. (NYSE:EDU) PEG ratio is at 1.38.
1 Chart Pattern Every Investor Should Know
This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...