Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $49.00 on New Oriental Education & Technology Group, Inc. (NYSE:EDU) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $1.80 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of New Oriental Education & Technology Group, Inc. (NYSE:EDU) stands at 28.27.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For New Oriental Education & Techno, the PEG ratio for coming 3-5 years is 1.24.
The technical analysis highlights that New Oriental Education & Techno current is trading $-2.07 points away or -4.86% from its 50-day moving average of $42.50. Further it is trading $1.92 or +4.99% away its 200-day moving average of $38.51.
The 52-week high of New Oriental Education & Technology Group, Inc. (NYSE:EDU) was $45.37 while lowest point recorded in 52-week was $18.22. It implies if stock price makes a movement of over $-4.94, it will record a new 52-week high. In the case of +121.90% drop, it will touch a new 52-week low.
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