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
€64.00
3.250%
New Oriental Education & Technology Group ADR is currently one of the favorites of our community with 7 Buy predictions and no Sell predictions.
As a result the target price of 97 € shows a very positive potential of 51.56% compared to the current price of 64.0 € for New Oriental Education & Technology Group ADR.
