The IDP Education Ltd (ASX:IEL) share price has risen 73% in a year

International student placement services company IDP Education Ltd’s (ASX: IEL) share price is up 73% on its price point at this time last year – sitting at $9.73 at the time of writing from $5.62 on November 8 last year.

IDP has a stronghold on the international student placement and English language testing services niche – a growing sector – and its FY19 results are expected to be strong.

IDP reported its revenue rose by 24% to $487 million for FY18 with EBITDA growth of 30%.

While IDP’s share price is currently at a premium, investors continue to rally behind the stock, and Morgan Stanley placed a buy rating on the share back in August with a price target of $11.00.

Elsewhere in the education sector, the Navitas Limited (ASX: NVT) share price is still looking healthy despite posting an FY18 loss of $55.3 million due to a one-off charge of rationalising its business portfolio.

The G8 Education Ltd (ASX: GEM) share price has all but bottomed out this year – sitting at $2.14 at the time of writing from $4.47 at this time last year.

The international student sector is a growing niche, check out these 3 Revolutionary Aussie Companies to Back for 2018

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