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

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.