New Oriental Education & Tech Grp (ADR) Focuses on Long-Term Market Share
While New Oriental Education (NYSE: EDU) got its start in tutoring prospective Chinese college students for English language tests, it has firmly made the transition into tutoring for younger kids. During the most recent quarter, which was reported on Tuesday, it signaled its commitment to this demographic by massively expanding its capacity.
That move caused a significant slowdown in terms of earnings, but long-term investors shouldn't be too worried. Over the long run, I consider it to be a wise move, helping to widen the moat between it and any potential competition in China.
Image source: Getty Images.
Source: Fool.com
New Oriental Education & Technology Group ADR Stock
€79.00
1.320%
Our community is currently high on New Oriental Education & Technology Group ADR with 5 Buy predictions and 0 Sell predictions.
As a result the target price of 87 € shows a slightly positive potential of 10.13% compared to the current price of 79.0 € for New Oriental Education & Technology Group ADR.
