New Oriental Education & Technology Group Inc. (NYSE:EDU) Receives $60.80 Consensus Target Price from Brokerages

Shares of New Oriental Education & Technology Group Inc. (NYSE:EDU) have been given an average recommendation of “Reduce” by the five brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $48.50.

A number of equities analysts recently weighed in on the company. Wall Street Zen raised New Oriental Education & Technology Group from a “hold” rating to a “buy” rating in a report on Monday, May 5th. China Renaissance cut New Oriental Education & Technology Group from a “buy” rating to a “hold” rating in a research note on Monday, March 24th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of New Oriental Education & Technology Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, April 21st.

Institutional Trading of New Oriental Education & Technology Group

Institutional investors have recently added to or reduced their stakes in the business. GeoWealth Management LLC boosted its holdings in New Oriental Education & Technology Group by 258.5% in the fourth quarter. GeoWealth Management LLC now owns 441 shares of the company’s stock worth $28,000 after purchasing an additional 318 shares during the last quarter. Westpac Banking Corp bought a new stake in New Oriental Education & Technology Group during the fourth quarter valued at approximately $45,000. SBI Securities Co. Ltd. bought a new stake in shares of New Oriental Education & Technology Group during the 4th quarter valued at $51,000. Banque Cantonale Vaudoise bought a new stake in shares of New Oriental Education & Technology Group during the 1st quarter valued at $54,000. Finally, Natixis grew its position in shares of New Oriental Education & Technology Group by 39.2% during the 4th quarter. Natixis now owns 881 shares of the company’s stock valued at $57,000 after acquiring an additional 248 shares during the period.

New Oriental Education & Technology Group Trading Up 3.8%

Shares of EDU stock opened at $49.14 on Tuesday. The stock has a market capitalization of $8.34 billion, a P/E ratio of 20.91 and a beta of 0.25. The firm’s 50 day moving average is $46.55 and its 200 day moving average is $52.39. New Oriental Education & Technology Group has a 12 month low of $40.66 and a 12 month high of $87.26.

New Oriental Education & Technology Group (NYSE:EDU) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.06). New Oriental Education & Technology Group had a net margin of 8.13% and a return on equity of 9.48%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the business posted $0.63 earnings per share. New Oriental Education & Technology Group’s revenue was down 2.0% compared to the same quarter last year. On average, equities analysts predict that New Oriental Education & Technology Group will post 2.75 EPS for the current year.

New Oriental Education & Technology Group Company Profile

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: Educational Services and Test Preparation Courses, Private Label Products and Livestreaming E-Commerce, Overseas Study Consulting Services, and Educational Materials and Distribution.