New Oriental Education & Technology Group, Inc. (NYSE:EDU) Stock Now Rated "Moderate Buy" by Wall Street Analysts

Key Points

• New Oriental Education & Technology Group has a consensus “Moderate Buy” rating from five analysts, with two buy ratings, one strong buy and two holds. The average 12-month price target is $60.75, above the stock’s reported $49.31 price.
• Director Chenggang Zhou sold 56,948 shares for approximately $3.24 million, reducing his position by 11.69%; company insiders collectively own 15.50% of the stock.
• Several institutional investors recently initiated or increased positions, including Ninety One UK, which purchased about $92.6 million in shares. EDU has a $7.65 billion market capitalization and trades below its 52-week high of $64.97.

New Oriental Education & Technology Group, Inc. (NYSE:EDU - Get Free Report) has earned a consensus recommendation of "Moderate Buy" from the five brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $60.75.

Several brokerages have recently commented on EDU. Weiss Ratings cut New Oriental Education & Technology Group from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, October 28th. Wall Street Zen raised New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, New Street Research set a $56.50 price target on New Oriental Education & Technology Group in a research report on Thursday, July 30th.

Insider Buying and Selling

In other New Oriental Education & Technology Group news, Director Chenggang Zhou sold 56,948 shares of New Oriental Education & Technology Group stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $56.83, for a total transaction of $3,236,354.84. Following the transaction, the director owned 429,998 shares of the company's stock, valued at $24,436,786.34. The trade was a 11.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 15.50% of the company's stock.

Hedge Funds Weigh In On New Oriental Education & Technology Group

A number of large investors have recently made changes to their positions in the business. AIA Group Ltd boosted its stake in shares of New Oriental Education & Technology Group by 185.2% during the 1st quarter. AIA Group Ltd now owns 93,342 shares of the company's stock valued at $5,286,000 after buying an additional 60,611 shares during the period. Lazard Asset Management LLC purchased a new position in shares of New Oriental Education & Technology Group during the 1st quarter valued at $18,528,000. Ninety One UK Ltd purchased a new position in shares of New Oriental Education & Technology Group during the 3rd quarter valued at $92,628,000. Aubrey Capital Management Ltd purchased a new position in shares of New Oriental Education & Technology Group during the 1st quarter valued at $9,888,000. Finally, Ninety One North America Inc. acquired a new position in shares of New Oriental Education & Technology Group in the third quarter worth $21,740,000.

New Oriental Education & Technology Group Stock Up 1.3%

Shares of NYSE:EDU opened at $49.31 on Tuesday. The company's fifty day moving average is $56.71 and its two-hundred day moving average is $54.20. New Oriental Education & Technology Group has a 12-month low of $44.25 and a 12-month high of $64.97. The company has a market cap of $7.65 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 0.54 and a beta of 0.19.

About New Oriental Education & Technology Group

New Oriental Education & Technology Group Inc NYSE: EDU is a China-based education services provider founded in 1993 by Michael Minhong Yu. The company operates schools, learning centers and online platforms that serve students, families and adult learners across China.

Its offerings have historically included test preparation for examinations such as the TOEFL, IELTS and other standardized tests; overseas study consulting; language training; educational services for primary and secondary students; adult and vocational education; and educational technology.

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