New Oriental Education & Technology Group Inc. (NYSE:EDU – Get Free Report) shares gapped up prior to trading on Friday after Citigroup raised their price target on the stock from $66.00 to $127.00. The stock had previously closed at $79.64, but opened at $84.00. Citigroup currently has a buy rating on the stock. New Oriental Education & Technology Group shares last traded at $82.57, with a volume of 932,222 shares changing hands.
Several other equities analysts have also weighed in on EDU. Morgan Stanley increased their price objective on shares of New Oriental Education & Technology Group from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Thursday, March 28th. StockNews.com cut shares of New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a report on Thursday, January 4th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $97.67.
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Institutional Investors Weigh In On New Oriental Education & Technology Group
New Oriental Education & Technology Group Stock Up 4.5 %
The firm has a market capitalization of $14.13 billion, a P/E ratio of 44.76 and a beta of 0.49. The firm has a 50 day moving average of $89.25 and a 200-day moving average of $78.82.
New Oriental Education & Technology Group (NYSE:EDU – Get Free Report) last released its earnings results on Wednesday, January 24th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.23). New Oriental Education & Technology Group had a net margin of 7.72% and a return on equity of 8.20%. The company had revenue of $869.60 million for the quarter, compared to the consensus estimate of $814.01 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The business’s revenue was up 36.3% compared to the same quarter last year. As a group, research analysts expect that New Oriental Education & Technology Group Inc. will post 2.02 EPS for the current year.
New Oriental Education & Technology Group Company Profile
New Oriental Education & Technology Group Inc provides private educational services under the New Oriental brand in the People's Republic of China. The company operates through four segments: Educational Services and Test Preparation Courses; Online Education and Other Services; Overseas Study Consulting Services; and Educational Materials and Distribution.
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