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Analyst Advice And Earnings Insight: New Oriental Education & Technology Group Inc. (EDU), Nevsun Resources Ltd …


New Oriental Education Technology Group Inc. (NYSE:EDU) last session’s volume of 2.14 million shares was higher than its average volume of 0.98 million shares. The stock, after opening at $72, hit $75.82 through the close by scoring 6.92%.

New Oriental Education Technology Group Inc. (EDU) Analyst Opinion

New Oriental Education Technology Group Inc. has a consensus outperform rating from 18 Wall Street analysts, and the number of shares currently sold short amount to at least 1.58% of shares outstanding. The stock spiked 25.57% last month and is up 80.1 this year. Wall Street is only getting more bullish on the stock, with 16 of analysts who cover EDU having a buy-equivalent rating. Analysts have placed a $69.49 price target on New Oriental Education Technology Group Inc., suggesting a -8.35% decline from recent close. It’s currently trading about 4.58% above its 52-week high.

New Oriental Education Technology Group Inc. Earnings Surprise

New Oriental Education Technology Group Inc. (EDU) surprised the stock market in its last reported earnings when it earned $0.43 a piece versus the consensus-estimated $0.41. Its revenue totaled $419.71 million up 23% from the previous quarter.

New Oriental Education Technology Group Inc. (NYSE:EDU) Intraday View

This stock (EDU) is ahead of its 52-week low with 104.04%. Its last month’s stock price volatility remained 4.59% which for the week stands at 3.27%. The share price has moved forward from its 20 days moving average, trading at a distance of 15.91% and stays 25.55% away from its 50 days moving average. Over the last five days, shares have managed 13.21% gains and now is up 51.78% since hitting its 200-day moving average of $52.38. New Oriental Education Technology Group Inc. (EDU) has made its way to a 12-month gain of 83.72%.

Turning to Nevsun Resources Ltd. (NYSE:NSU), its shares were trading at $2.35 a gain of $0.05, on the trading floor. The stock, after opening at $2.31, touched a high of $2.36 before paring much of its gains. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.7. Nevsun Resources Ltd. has 3 buy ratings, 2 holds and 0 sells even after the stock tumbled -32.97% from its high of $3.57 to a $709.21 million market value through last close.

Nevsun Resources Ltd. (NSU) Consensus Price Target

The company’s consensus rating on Reuter’s scale remained unchanged from 1.88 to 1.88 during a month. Analysts set a 12-month price target of $3.7 a share. The target implies a 57.45% spike from where the shares are currently trading. Also, the current price highlights a discount of 105.96% to analysts’ high consensus price target.

Nevsun Resources Ltd. (NYSE:NSU) Intraday Trading

The counter witnessed a trading volume of 0.76 million shares versus an average volume of 1.03 million shares during last trading session. Its last month’s stock price volatility remained 3.26% which for the week approaches 4.46%. The lowest price the stock reached in the last trading day was $2.3 and compares with the $2.06 52-week low. The stock recovered 14.08% since its low point and has performed -23.65% year-to-date.

Article source: http://www.postanalyst.com/2017/05/17/analyst-advice-and-earnings-insight-new-oriental-education-technology-group-inc-edu-nevsun-resources-ltd-nsu/