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Huatai Securities Sticks to Its Buy Rating for New Oriental Education & Technology Group (N1U0)

Tipranks - Sat Apr 25, 2:02AM CDT

In a report released yesterday, from Huatai Securities maintained a Buy rating on New Oriental Education & Technology Group, with a price target of HK$68.03. The company’s shares closed yesterday at HK$41.96.

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Currently, the analyst consensus on New Oriental Education & Technology Group is a Strong Buy with an average price target of €6.23.

Based on New Oriental Education & Technology Group’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of HK$1.24 billion and a net profit of HK$7.1 million. In comparison, last year the company earned a revenue of HK$1.14 billion and had a net profit of HK$26.97 million

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