New Oriental Education & Technology Group, Inc. (NYSE:EDU) Receives $52.00 Average Target Price from Analysts

Shares of New Oriental Education & Technology Group, Inc. (NYSE:EDU - Get Free Report) have earned a consensus rating of "Hold" from the five research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $52.00.

Several brokerages recently weighed in on EDU. China Renaissance downgraded New Oriental Education & Technology Group from a "buy" rating to a "hold" rating in a research report on Monday, March 24th. JPMorgan Chase & Co. upgraded New Oriental Education & Technology Group from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $48.00 to $62.00 in a research report on Tuesday, June 24th. Citigroup upgraded New Oriental Education & Technology Group from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $77.00 to $50.00 in a research report on Friday, June 27th. Finally, Wall Street Zen upgraded New Oriental Education & Technology Group from a "hold" rating to a "buy" rating in a research report on Monday, May 5th.

New Oriental Education & Technology Group Stock Down 0.1%

Shares of EDU traded down $0.06 during trading hours on Wednesday, hitting $50.10. 1,788,475 shares of the company were exchanged, compared to its average volume of 1,727,397. The company has a market cap of $8.50 billion, a price-to-earnings ratio of 21.14 and a beta of 0.28. New Oriental Education & Technology Group has a fifty-two week low of $40.66 and a fifty-two week high of $87.26. The firm's fifty day moving average is $49.39 and its 200 day moving average is $49.76.

New Oriental Education & Technology Group (NYSE:EDU - Get Free Report) last released its earnings results 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 for the quarter, compared to analyst estimates of $1.24 billion. New Oriental Education & Technology Group had a return on equity of 9.91% and a net margin of 8.17%. The business's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period last year, the company posted $0.63 earnings per share. Analysts anticipate that New Oriental Education & Technology Group will post 2.75 EPS for the current year.

Hedge Funds Weigh In On New Oriental Education & Technology Group

Several large investors have recently bought and sold shares of EDU. GeoWealth Management LLC increased 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 in the last quarter. Westpac Banking Corp purchased a new position in shares of New Oriental Education & Technology Group during the fourth quarter valued at approximately $45,000. Natixis boosted its position in shares of New Oriental Education & Technology Group by 39.2% during the fourth quarter. Natixis now owns 881 shares of the company's stock valued at $57,000 after buying an additional 248 shares during the last quarter. Banque Cantonale Vaudoise bought a new stake in New Oriental Education & Technology Group during the first quarter worth $54,000. Finally, Brooklyn Investment Group lifted its holdings in New Oriental Education & Technology Group by 3,700.0% during the first quarter. Brooklyn Investment Group now owns 1,330 shares of the company's stock worth $64,000 after acquiring an additional 1,295 shares during the period.

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.