Market Overview

UPDATE: Deutsche Bank Cuts PT to $21 on New Oriental Education & Technology Group on Reduced Outlook

Related EDU
Benzinga's Top Initiations
Earnings Scheduled For July 20, 2016
Stocks Struggle For Direction As Oil Sinks, Biotechs Soar (Investor's Business Daily)

Deutsche Bank reiterated its Buy rating on New Oriental Education & Technology Group (NYSE: EDU) and lowered the price target from $22.00 to $21.00.

Deutsche Bank said, "EDU recorded an EBIT loss of USD26.9m, missing the consensus estimate of USD9.8m by a wide margin, but better than the loss we estimated of USD35.1m. We believe the deeper-than-pre-signaled margin dilution is mainly due to 1) structural shifts that led to de-leveraging and overseas test prep segment underperformance, 2) overhead inflation induced by overly aggressive expansion, and 3) one-time expenses incurred for SEC investigations."

New Oriental Education & Technology Group closed at $16.36 on Tuesday.

Latest Ratings for EDU

Jul 2016NomuraMaintainsNeutral
Jul 2016Brean CapitalInitiates Coverage onBuy
Apr 2016Morgan StanleyInitiates Coverage onOverweight

View More Analyst Ratings for EDU
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings


Related Articles (EDU)

View Comments and Join the Discussion!