Janney Montgomery Scott LLC Takes Position in New Oriental Education & Technology Group, Inc. (NYSE:EDU)

Janney Montgomery Scott LLC purchased a new position in New Oriental Education & Technology Group, Inc. (NYSE:EDU - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 9,380 shares of the company's stock, valued at approximately $448,000.

Several other large investors also recently added to or reduced their stakes in the stock. Aspex Management HK Ltd lifted its stake in shares of New Oriental Education & Technology Group by 56.8% in the 4th quarter. Aspex Management HK Ltd now owns 7,454,906 shares of the company's stock valued at $478,456,000 after purchasing an additional 2,701,566 shares during the last quarter. FMR LLC raised its holdings in New Oriental Education & Technology Group by 46.3% during the 4th quarter. FMR LLC now owns 4,539,678 shares of the company's stock valued at $291,357,000 after buying an additional 1,437,656 shares during the period. Price T Rowe Associates Inc. MD lifted its position in New Oriental Education & Technology Group by 61.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,894,541 shares of the company's stock worth $249,952,000 after buying an additional 1,480,391 shares during the last quarter. Schroder Investment Management Group boosted its stake in New Oriental Education & Technology Group by 17.2% during the fourth quarter. Schroder Investment Management Group now owns 3,019,859 shares of the company's stock worth $193,815,000 after buying an additional 442,656 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in New Oriental Education & Technology Group by 175.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,276,762 shares of the company's stock worth $146,123,000 after buying an additional 1,449,979 shares during the period.

Analyst Upgrades and Downgrades

EDU has been the topic of several recent analyst reports. JPMorgan Chase & Co. upgraded shares of New Oriental Education & Technology Group from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $48.00 to $62.00 in a report on Tuesday, June 24th. Wall Street Zen raised shares of New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. China Renaissance downgraded shares of New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research note on Monday, March 24th. Finally, Citigroup raised New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and cut their target price for the company from $77.00 to $50.00 in a research note on Friday, June 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, New Oriental Education & Technology Group presently has an average rating of "Hold" and a consensus target price of $52.00.

New Oriental Education & Technology Group Trading Down 0.4%

NYSE EDU opened at $51.32 on Friday. The stock has a market cap of $8.71 billion, a PE ratio of 21.65 and a beta of 0.28. New Oriental Education & Technology Group, Inc. has a 12 month low of $40.66 and a 12 month high of $87.26. The company's 50-day moving average price is $48.71 and its 200-day moving average price is $50.59.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The company reported $0.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.06). The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.24 billion. New Oriental Education & Technology Group had a net margin of 8.17% and a return on equity of 9.91%. New Oriental Education & Technology Group's quarterly revenue was down 2.0% on a year-over-year basis. During the same period last year, the firm earned $0.63 earnings per share. As a group, sell-side analysts forecast that New Oriental Education & Technology Group, Inc. will post 2.75 earnings per share for the current year.

New Oriental Education & Technology Group 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.

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